CODING: Words stricken are deletions; words underlined are additions.





                                                  SENATE AMENDMENT

    Bill No. SB 704

    Amendment No.    

                            CHAMBER ACTION
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11  Senator Klein moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 7, between lines 25 and 26,

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16  insert:

17         Section 5.  Section (2) of section 608.407, Florida

18  Statutes, is amended to read:

19         608.407  Articles of organization.--

20         (2)  An affidavit declaring that the limited liability

21  company has at least one member two members and setting forth

22  the amount of the cash and a description and agreed value of

23  property other than cash contributed by the members and the

24  amount anticipated to be contributed by the members shall

25  accompany the articles of organization of a limited liability

26  company.

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28  (Redesignate subsequent sections.)

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                                                  SENATE AMENDMENT

    Bill No. SB 704

    Amendment No.    





 1  ================ T I T L E   A M E N D M E N T ===============

 2  And the title is amended as follows:

 3         On page 1, line 11, delete that line

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 5  and insert:

 6         names; amending s. 608.407, F.S.; reducing

 7         minimum number of members necessary to form a

 8         limited liability company; amending s. 608.471,

 9         F.S.; exempting

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    8:33 AM   04/24/98                               s0704.cm28.aa