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Legislation


2012 Regular Session

HOUSE BILL 777

File Code: Corporations and Associations Crossfiled with: SENATE BILL 855
Sponsored By:
Delegate Feldman
Entitled:
Corporations and Associations - Limited Liability Act - Revisions

Synopsis:

Establishing that certain statutory provisions relating to limited liability companies apply unless otherwise agreed on in the limited liability company's articles of organization, in the operating agreement, or by unanimous consent; repealing the requirement that the purposes for which a limited liability company is formed be stated in the articles of organization; altering the requirements for a resident agent; repealing provisions relating to a member's authority regarding abandoning the business; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/9
First Reading Economic Matters
2/13
Hearing 2/28 at 1:00 p.m.
3/6
Favorable Report by Economic Matters
3/7
Favorable Report Adopted
Second Reading Passed
3/9
Third Reading Passed (138-0)
3/28
Returned Passed
Senate Action
3/12
First Reading Judicial Proceedings
3/29
Favorable Report by Judicial Proceedings
3/25
Favorable Report Adopted
Second Reading Passed
3/26
Third Reading Passed (46-0)
Action after passage in House and Senate
5/22
Approved by the Governor
- Chapter 600

Bill indexed under the following Subjects:

Agents and Brokers
Bankruptcy
Foreclosure
Liens -see also- Mechanics' Liens
Limited Liability Companies
Mergers and Acquisitions
Notices
Partnerships
Privacy
Records -see also- Land Records; Vital Records
Security Interests -see also- Liens; Mechanics' Liens
Telecommunications and Information Technology
Trade Secrets
Voting -see also- Ballots; Elections

Bill affects the following Statutes:

Corporations and Associations
( 1-101 , 4A-101 , 4A-102 , 4A-203 , 4A-204 , 4A-209 , 4A-210 , 4A-211 , 4A-401 through 4A-403 , 4A-403.1 , 4A-403.2 , 4A-405 , 4A-406 , 4A-502 through 4A-505 , 4A-601 through 4A-601.1 , 4A-607 , 4A-701 , 4A-702 , 4A-704 through 4A-706 , 4A-709 , 4A-801 , 4A-802 , 4A-902 , 4A-904 , 4A-906 , 4A-918 , 4A-1103 , 4A-1104 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
House
Economic Matters
Senate
Judicial Proceedings
Roll Call Votes (Legislative dates are shown):
House
March 9, 2012: Third Reading Passed (138-0)
Senate
March 26, 2012: Third Reading Passed (46-0)
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