HOUSE BILL 1381

Sponsored By:

Delegate Finifter

Entitled:

Limited Partnerships

Synopsis:

Allowing a limited partnership to have a perpetual existence in specific circumstances; providing that a limited partner may not withdraw before the dissolution and winding up of a limited partnership unless specific conditions are met; and clarifying that a limited partner is entitled, on withdrawal from the limited partnership, to distributions.

History by Legislative Date

House Action

3/4

First Reading House Rules

3/9

Re-referred Economic Matters

Hearing 3/19 at 1:00 p.m.

3/28

Favorable with Amendments Report by Economic Matters

3/27

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/28

Third Reading Passed (130-0)

4/9

Return Passed

5/21

Signed by the Governor Chapter 758

Senate Action

3/30

First Reading Judicial Proceedings

4/1

Hearing 4/7 at 1:00 p.m.

4/10

Favorable Report by Judicial Proceedings

Favorable Report Adopted

Second Reading Passed

4/11

Third Reading Passed (47-0)

Bill indexed under the following Subject:

PARTNERSHIPS

Bill affects the following Statutes:

Corporations and Associations

( 10-201 , 10-603 , 10-604 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 733672/1 (PDF)     Offered on: March 28, 1998   at: 12:40 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 28, 1998: Third Reading Passed (130-0)

Senate

April 11, 1998: Third Reading Passed (47-0)