Legislation

Title: Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements
Sponsored by: Delegate Brooks
Status: Approved by the Governor - Chapter 294
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing the operating agreement of a limited liability company to provide for the transfer or assignment of an interest in the company to a certain person on the occurrence of certain events regardless of whether the person is a member; authorizing a member of a limited liability company to retain the member's noneconomic interest in the company on assignment of all of the member's economic interest in the company under certain circumstances; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Judicial Proceedings

Committee Testimony

Witness List

Details

Cross-filed with: SB0261

Bill File Type: Regular

Effective Date(s): October 1, 2022

History

Legislation History
Chamber House Calendar Date 1/19/2022 Legislative Date 1/19/2022 Action First Reading Economic Matters Proceedings
Chamber House Calendar Date 1/24/2022 Legislative Date 1/24/2022 Action Hearing 2/09 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements Proceedings
Chamber House Calendar Date 2/21/2022 Legislative Date 2/21/2022 Action Hearing 2/23 at 12:00 p.m. Proceedings
Chamber House Calendar Date 2/21/2022 Legislative Date 2/21/2022 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/01/2022 Legislative Date 3/01/2022 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/02/2022 Legislative Date 2/26/2022 Action Favorable with Amendments {863027/1 Adopted Proceedings 19 Click to view Recorded Media
Chamber House Calendar Date 3/02/2022 Legislative Date 2/26/2022 Action Second Reading Passed with Amendments Proceedings 19 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements Proceedings
Chamber House Calendar Date 3/04/2022 Legislative Date 2/28/2022 Action Third Reading Passed (127-0) Proceedings 21 Click to view Recorded Media
Chamber Senate Calendar Date 3/07/2022 Legislative Date 2/25/2022 Action Referred Judicial Proceedings Proceedings 37 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/08/2022 Legislative Date 4/08/2022 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 4/08/2022 Legislative Date 3/27/2022 Action Favorable Adopted Second Reading Passed Proceedings 67AClick to view Recorded Media
Chamber Senate Calendar Date 4/09/2022 Legislative Date 3/30/2022 Action Third Reading Passed (43-0) Proceedings 70 Click to view Recorded Media
Chamber House Calendar Date 4/09/2022 Legislative Date 4/02/2022 Action Returned Passed Proceedings 54 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/12/2022 Legislative Date 5/12/2022 Action Approved by the Governor - Chapter 294 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/19/2022	1/19/2022	First Reading Economic Matters
House	1/24/2022	1/24/2022	Hearing 2/09 at 1:00 p.m.
			Text - First - Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements
House	2/21/2022	2/21/2022	Hearing 2/23 at 12:00 p.m.
House	2/21/2022	2/21/2022	Hearing canceled
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/01/2022	3/01/2022	Favorable with Amendments Report by Economic Matters
House	3/02/2022	2/26/2022	Favorable with Amendments {863027/1 Adopted	19 Click to view Recorded Media
House	3/02/2022	2/26/2022	Second Reading Passed with Amendments	19 Click to view Recorded Media
			Text - Third - Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements
House	3/04/2022	2/28/2022	Third Reading Passed (127-0)	21 Click to view Recorded Media
Senate	3/07/2022	2/25/2022	Referred Judicial Proceedings	37 Click to view Recorded Media
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	4/08/2022	4/08/2022	Favorable Report by Judicial Proceedings
Senate	4/08/2022	3/27/2022	Favorable Adopted Second Reading Passed	67AClick to view Recorded Media
Senate	4/09/2022	3/30/2022	Third Reading Passed (43-0)	70 Click to view Recorded Media
House	4/09/2022	4/02/2022	Returned Passed	54 Click to view Recorded Media
Post Passage	5/12/2022	5/12/2022	Approved by the Governor - Chapter 294
			Text - Chapter - Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements

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