SENATE BILL 430

File Code: Corporations and Associations Crossfiled with: HOUSE BILL 5

Sponsored By:

Senator Kelley

Entitled:

Corporations and Associations - Low-Profit Limited Liability Companies

Synopsis:

Authorizing the formation of a low-profit limited liability company as a permitted form of unincorporated business organization; requiring the name of a low-profit limited liability company to include specified words or abbreviations; requiring a low-profit limited liability company to meet specified requirements; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.

Senate Action

1/29

First Reading Judicial Proceedings

2/3

Hearing 2/16 at 1:00 p.m.

3/22

Unfavorable Report by Judicial Proceedings

House Action

No Action

Bill indexed under the following Subjects:

Limited Liability Companies

Names -see also- Proper Names

Nonprofit Organizations

Bill affects the following Statutes:

Corporations and Associations

( 1-501 , 1-502 , 1-502 , 4A-101 , 4A-101 , 4A-101 , 4A-201.1 , 4A-204 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

Senate

Judicial Proceedings