SB 1324: Limited Liability Companies
GENERAL BILL by Berman
Limited Liability Companies; Creating the "Uniform Protected Series Provisions"; providing that a protected series of a series limited liability company is a person distinct from certain other entities; authorizing series limited liability companies to establish protected series; providing requirements for becoming an associated member of a protected series; requiring that protected-series transferable interests be initially owned by an associated member or a series limited liability company; providing specifications for the dissolution of series limited liability companies, etc.
Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon this act becoming a law, this act shall take effect July 1, 2023
Last Action: 5/5/2023 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Last Action: 5/5/2023 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Judiciary (JU)
- Fiscal Policy (FP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/1/2023 | Senate |
• Filed |
| 3/6/2023 | Senate |
• Referred to Commerce and Tourism; Judiciary; Fiscal Policy |
| 3/7/2023 | Senate |
• Introduced |
| 5/5/2023 | Senate |
• Died in Commerce and Tourism |
