HOUSE BILL 1357

Sponsored By:

Delegates Barve and Brown

Entitled:

Limited Liability Companies - Mergers

Synopsis:

Authorizing a domestic limited liability company to merge into one or more foreign limited liability companies; authorizing one or more foreign limited liability companies to merge into a domestic limited liability company; and requiring a domestic limited liability company to approve a merger by the consent of the members holding at least two-thirds of the interests in profits of the limited liability company, unless otherwise provided in the operating agreement of the limited liability company.

History by Legislative Date

House Action

2/21

First Reading House Rules and Executive Nominations

2/25

Re-referred Economic Matters

2/27

Hearing 3/13 at 1:00 p.m.

3/21

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/22

Third Reading Passed (139-0)

4/3

Returned Passed

5/16

Signed by the Governor Chapter 570

Senate Action

3/25

First Reading Judicial Proceedings

3/27

Hearing 4/2 at 1:00 p.m.

4/4

Favorable Report by Judicial Proceedings

4/2

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (47-0)

Sponsored by:

Delegate Kumar P. Barve, District 17

Delegate Anthony G. Brown, District 25

Bill indexed under the following Subjects:

LIMITED LIABILITY COMPANIES

MERGERS

Bill affects the following Statutes:

Corporations and Associations

( 4A-701 , 4A-702 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 303990/1 (PDF)     Offered on: March 21, 2002   at: 10:43 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 22, 2002: Third Reading Passed (139-0)

Senate

April 3, 2002: Third Reading Passed (47-0)