CS/SB 1152: Limited Liability Companies
GENERAL BILL by Banking and Insurance ; Simmons
Limited Liability Companies; Provides that a charging order against a member's limited liability company interest is the sole and exclusive remedy available to enforce a judgment creditor's unsatisfied judgment against a member or member's assignee. Provides that, in the case of a multimember limited liability company, certain remedies are unavailable to a judgment creditor attempting to satisfy a judgment. Provides for construction relating to secured creditor rights, specified principles of law and equity, and continuing enforcement jurisdiction of the court, etc.
Last Action: 4/29/2011 Senate - Laid on Table, companion bill(s) passed, see CS/HB 253 (Ch. 2011-77) -SJ 600
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Judiciary (JU)
- Banking and Insurance (BI)
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Bill History
Date Chamber Action 2/16/2011 Senate • Filed
3/1/2011 Senate • Referred to Commerce and Tourism; Judiciary; Banking and Insurance -SJ 87
3/8/2011 Senate • Introduced -SJ 87
3/11/2011 Senate • On Committee agenda-- Commerce and Tourism, 03/16/11, 1:30 pm, 401 Senate Office Building
3/16/2011 Senate • Favorable by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 235
• Now in Judiciary -SJ 235
3/23/2011 Senate • On Committee agenda-- Judiciary, 03/28/11, 3:15 pm, 110 Senate Office Building
3/28/2011 Senate • Favorable by Judiciary; YEAS 6 NAYS 0 -SJ 299
3/29/2011 Senate • Now in Banking and Insurance -SJ 299
4/20/2011 Senate • On Committee agenda-- Banking and Insurance, 04/25/11, 8:00 am, 412 Knott Building
4/25/2011 Senate • CS by- Banking and Insurance; YEAS 10 NAYS 0 -SJ 471
• Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading -SJ 471
4/26/2011 Senate • CS by Banking and Insurance read 1st time -SJ 482
4/27/2011 Senate • Placed on Special Order Calendar, 04/29/11
4/29/2011 Senate • Read 2nd time -SJ 600
• Substituted CS/HB 253 -SJ 600
• Laid on Table, companion bill(s) passed, see CS/HB 253 (Ch. 2011-77) -SJ 600
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CS/SB 1152, Committee Substitute 1 (Current Bill Version) Posted 4/25/2011 at 2:21 PM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Post-Meeting) 4/25/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 253 (er) Limited Liability Companies Stargel Similar Last Action: 5/31/2011 Chapter No. 2011-77
Location: Became LawCitations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 608.433 Right of assignee to become member. Page 2 (pdf) -
SB 1152, Original Filed Version Posted 2/16/2011 at 10:54 AM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 253 (e1) Limited Liability Companies Stargel Similar Last Action: 5/31/2011 Chapter No. 2011-77
Location: Became LawCommittee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 147074 - Amendment
Delete line 118 and insert:Banking and Insurance
(Richter)4/21/2011
1:36 PMReplaced by Committee Substitute
4/25/2011Web Page
PDF526356 - Amendment
Between lines 124 and 125 insert:Banking and Insurance
(Richter)4/21/2011
1:36 PMReplaced by Committee Substitute
4/25/2011Web Page
PDFCommittee Votes (3)
Date Committee Result 3/16/2011 1:30 PM Commerce and Tourism 6 Yeas - 0 Nays 3/28/2011 3:15 PM Judiciary 6 Yeas - 0 Nays 4/25/2011 8:00 AM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 608.433 Right of assignee to become member. Page 2 (pdf)
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