CS/SB 1696: Limited Liability Companies
GENERAL BILL by Judiciary ; Klein
Limited Liability Companies; clarifies & updates provisions re said companies to reflect current operating procedures; provides for correcting certain articles of organization; provides for delegation of rights & powers to manage; provides for membership termination upon bankruptcy; provides for conversion of certain entities to said company; provides for members' derivative actions; provides for application of certain case law for certain purposes, etc. Amends Ch. 608.
Last Action: 4/26/1999 Senate - Placed on Special Order Calendar -SJ 00792, -SJ 00886; House Bill substituted -SJ 00821; Laid on Table, Iden./Sim./Compare Bill(s) passed, refer to CS/HB 1513 (Ch. 99-315)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/2/1999 | Senate |
• Filed |
| 3/10/1999 | Senate |
• Introduced, referred to Commerce and Economic Opportunities; Judiciary; Fiscal Policy -SJ 00194 |
| 3/11/1999 | Senate |
• On Committee agenda-- Commerce and Economic Opportunities, 03/16/99, 3:30 pm, Room-110S |
| 3/16/1999 | Senate |
• Comm. Action: Favorable with 1 amendment(s) by Commerce and Economic Opportunities -SJ 00309 |
| 3/17/1999 | Senate |
• Now in Judiciary -SJ 00309 |
| 3/18/1999 | Senate |
• On Committee agenda-- Judiciary, 03/23/99, 3:30 pm, Room-110S |
| 3/23/1999 | Senate |
• Comm. Action: CS by Judiciary -SJ 00352; CS read first time on 03/25/99 -SJ 00364 |
| 3/25/1999 | Senate |
• Now in Fiscal Policy -SJ 00352 |
| 4/15/1999 | Senate |
• Withdrawn from Fiscal Policy -SJ 00523; Placed on Calendar |
| 4/23/1999 | Senate |
• Placed on Special Order Calendar -SJ 00792 |
| 4/26/1999 | Senate |
• Placed on Special Order Calendar -SJ 00792, -SJ 00886; House Bill substituted -SJ 00821; Laid on Table, Iden./Sim./Compare Bill(s) passed, refer to CS/HB 1513 (Ch. 99-315) |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location |
|---|---|---|---|---|
| H 1513 (c1) | Sanderson | Similar | Last Action: 6/8/1999 Approved by Governor; Chapter No. 99-315 | |
| H 1023 | Limited Liability Companies | Lacasa | Compare | Last Action: 4/30/1999 H Died on Calendar, Iden./Sim./Compare Bill(s) passed, refer to CS/HB 1513 (Ch. 99-315) |
| S 1682 | Limited Liability Companies | Klein | Compare | Last Action: 4/30/1999 S Placed on Special Order Calendar -SJ 01628, -SJ 01926; Died on Calendar, Iden./Sim./Compare Bill(s) passed, refer to CS/HB 1513 (Ch. 99-315) |
Bill Text
| Version | Posted | Format |
|---|---|---|
| S 1696 Filed | 8/28/2000 9:55 AM | Web Page | PDF |
| S 1696 c1 | 8/28/2000 9:55 AM | Web Page | PDF |
Committee Amendments
Bill Analyses
| Type | Analysis | Author | Posted | Format |
|---|---|---|---|---|
| Bill Analysis | S 1696 | Commerce and Economic Opportunities (Post-Meeting) | 3/15/1999 12:00 AM | |
| Bill Analysis | S 1696 | Judiciary (Post-Meeting) | 3/22/1999 12:00 AM |
Vote History - Committee
No Committee Vote History AvailableVote History - Floor
No Vote History AvailableCitations - Statutes (75)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 608.401 | Short title. | |
| 608.402 | Definitions. | |
| 608.403 | Purpose. | |
| 608.404 | Powers. | |
| 608.406 | Limited liability company name. | |
| 608.4062 | Foreign limited liability company; registered name; application; renewal; revocation. | |
| 608.407 | Articles of organization. | |
| 608.408 | Execution of certificate or statement. | |
| 608.4081 | Filing requirements. | |
| 608.4082 | Filing duties of Department of State. | |
| 608.409 | Effect of issuance of certificate of organization. | |
| 608.4101 | Records to be kept. | |
| 608.411 | Amendments to or restatements of articles of organization. | |
| 608.4115 | ||
| 608.412 | Supplemental affidavit of capital contributions. | |
| 608.415 | Registered office and registered agent. | |
| 608.416 | Change of registered office or registered agent. | |
| 608.4211 | Contributions to capital and liability for contribution. | |
| 608.422 | Management of limited liability company. | |
| 608.4225 | General standards for managers and managing members. | |
| 608.4226 | ||
| 608.4227 | ||
| 608.4228 | ||
| 608.4229 | ||
| 608.423 | Limited liability company regulations. | |
| 608.4231 | Voting by members and managers. | |
| 608.4232 | Admission of additional members. | |
| 608.4235 | ||
| 608.4236 | ||
| 608.4237 | ||
| 608.4238 | ||
| 608.424 | Contracting debts. | |
| 608.425 | Limited liability company property. | |
| 608.426 | Distribution of property; impairment of capital. | |
| 608.4261 | Sharing of profits and losses. | |
| 608.427 | Withdrawal or reduction of members' contributions to capital. | |
| 608.428 | Liability upon return of contribution. | |
| 608.432 | Transferability of member's interest. | |
| 608.433 | Right of assignee to become member. | |
| 608.434 | Power of estate of deceased or incompetent member. | |
| 608.436 | Liability of members and managers. | |
| 608.4362 | Liability of managers and managing members. | |
| 608.4363 | Indemnification of managing members, managers, officers, employees, and agents. | |
| 608.437 | Unauthorized assumption of powers. | |
| 608.438 | Merger of limited liability company. | |
| 608.4381 | Action on plan of merger. | |
| 608.4383 | Effect of merger. | |
| 608.4384 | Rights of dissenting members. | |
| 608.439 | ||
| 608.441 | Dissolution. | |
| 608.4421 | Claims against dissolved limited liability company. | |
| 608.444 | Distribution of assets upon dissolution. | |
| 608.447 | Cancellation of certificate of organization. | |
| 608.448 | Grounds for administrative dissolution. | |
| 608.4481 | Procedure for and effect of administrative dissolution. | |
| 608.449 | Grounds for judicial dissolution. | |
| 608.4492 | Receivership or custodianship. | |
| 608.4494 | Deposit with Department of Banking and Finance. | |
| 608.4511 | Annual report for Department of State. | |
| 608.452 | Fees of the Department of State. | |
| 608.455 | Waiver of notice. | |
| 608.463 | Service of process. | |
| 608.471 | Tax exemption on income of certain limited liability companies. | |
| 608.502 | Consequences of transacting business without authority. | |
| 608.503 | Application for certificate of authority. | |
| 608.504 | Amended certificate of authority. | |
| 608.505 | Effect of certificate of authority. | |
| 608.507 | Registered office and registered agent of foreign limited liability company. | |
| 608.508 | Change of registered office and registered agent of foreign limited liability company. | |
| 608.512 | Grounds for revocation of authority to transact business. | |
| 608.5135 | Revocation; application for reinstatement. | |
| 608.601 | ||
| 608.701 | ||
| 608.702 | ||
| 608.703 |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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