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2018 Regular Session



Corporations – Limited Liability Companies – Member–Trustees – Establishment

Sponsored by:

Senator Norman


In the Senate - Unfavorable Report by Judicial Proceedings

Synopsis:Requiring the articles of organization for a limited liability company to include the name and address of each member of the limited liability company; providing that if the State Department of Assessments and Taxation issues a certain proclamation declaring that a limited liability company has forfeited certain rights, the members of the limited liability company become the trustees of its assets for certain purposes; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Norman
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): October 1, 2018
Judicial Proceedings  View Committee Hearing
Broad Subject(s):Corporations and Associations
Narrow Subject(s):Assessments and Taxation, Department of
Business Trusts
Contracts -see also- Land Installment Contracts; Procurement
Corporations -see also- Municipal Corps; Public Corps & Inst
Limited Liability Companies
Statutes:Article - Corporations and Associations
(4A-204, 4A-904)

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Explanation of Floor Motions and Actions

January 17, 2018 4:07 P.M.