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 608.405, Florida Statutes, is

18  amended to read:

19         608.405  Formation.--One Two or more persons may form a

20  limited liability company.

21         Section 6.  Section (2) of section 608.407, Florida

22  Statutes, is amended to read:

23         608.407  Articles of organization.--

24         (2)  An affidavit declaring that the limited liability

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

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

27  property other than cash contributed by the members and the

28  amount anticipated to be contributed by the members shall

29  accompany the articles of organization of a limited liability

30  company.

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                                                  SENATE AMENDMENT

    Bill No. SB 704

    Amendment No.    





 1  (Redesignate subsequent sections.)

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

 5  And the title is amended as follows:

 6         On page 1, line 11, delete that line

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 8  and insert:

 9         names; amending ss. 608.405 and 608.407, F.S.;

10         reducing minimum number of members necessary to

11         form a limited liability company; amending s.

12         608.471, F.S.; exempting

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