SB 316: Limited Liability Companies
GENERAL BILL by Berman
Limited Liability Companies; Defining the terms “registered foreign protected series of a foreign series limited liability company” and “registered foreign series limited liability company”; specifying that certain limited liability companies are considered a nonresident under certain circumstances; creating the “Uniform Protected Series Provisions”; providing for powers and prohibitions for protected series of series limited liability companies; authorizing domestic limited liability companies to establish protected series, etc.
- Commerce and Tourism (CM)
- Judiciary (JU)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/17/2025 | Senate |
• Filed |
| 2/3/2025 | Senate |
• Referred to Commerce and Tourism; Judiciary; Rules |
| 2/10/2025 | Senate |
• On Committee agenda-- Commerce and Tourism, 02/18/25, 8:30 am, 110 Senate Building |
| 2/18/2025 | Senate |
• Favorable by Commerce and Tourism; YEAS 7 NAYS 0 • Now in Judiciary |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location | Track Bills |
|---|---|---|---|---|---|
| H 403 | Limited Liability Companies | Persons-Mulicka | Identical | Last Action: 2/12/2025 H Now in Civil Justice & Claims Subcommittee |
|
Committee Amendments
Floor Amendments
Bill Analyses
| Type | Analysis | Author | Posted | Format |
|---|---|---|---|---|
| Bill Analysis | S 316 | Commerce and Tourism (Pre-Meeting) | 2/17/2025 8:34 AM | |
| Bill Analysis | S 316 | Commerce and Tourism (Post-Meeting) | 2/18/2025 10:02 AM |
Vote History - Committee
| Version | Committee | Date | Result |
|---|---|---|---|
| S 316 Filed | Commerce and Tourism | 2/18/2025 8:30 AM | 7 Yeas - 0 Nays |
Vote History - Floor
No Vote History AvailableCitations - Statutes (44)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 48.062 | Service on a domestic limited liability company or registered foreign limited liability company. | Page 7 (pdf) |
| 605.0103 | Knowledge; notice. | Page 8 (pdf) |
| 605.0117 | Serving process, giving notice, or making a demand. | Page 9 (pdf) |
| 605.0211 | Certificate of status. | Page 9 (pdf) |
| 605.2101 | Page 10 (pdf) | |
| 605.2102 | Page 10 (pdf) | |
| 605.2103 | Page 13 (pdf) | |
| 605.2104 | Page 13 (pdf) | |
| 605.2105 | Page 14 (pdf) | |
| 605.2106 | Page 17 (pdf) | |
| 605.2107 | Page 19 (pdf) | |
| 605.2108 | Page 21 (pdf) | |
| 605.2201 | Page 22 (pdf) | |
| 605.2202 | Page 23 (pdf) | |
| 605.2203 | Page 24 (pdf) | |
| 605.2204 | Page 25 (pdf) | |
| 605.2205 | Page 26 (pdf) | |
| 605.2206 | Page 30 (pdf) | |
| 605.2301 | Page 31 (pdf) | |
| 605.2302 | Page 34 (pdf) | |
| 605.2303 | Page 34 (pdf) | |
| 605.2304 | Page 35 (pdf) | |
| 605.2305 | Page 37 (pdf) | |
| 605.2401 | Page 38 (pdf) | |
| 605.2402 | Page 40 (pdf) | |
| 605.2403 | Page 41 (pdf) | |
| 605.2404 | Page 41 (pdf) | |
| 605.2501 | Page 44 (pdf) | |
| 605.2502 | Page 45 (pdf) | |
| 605.2503 | Page 46 (pdf) | |
| 605.2601 | Page 47 (pdf) | |
| 605.2602 | Page 48 (pdf) | |
| 605.2603 | Page 48 (pdf) | |
| 605.2604 | Page 49 (pdf) | |
| 605.2605 | Page 49 (pdf) | |
| 605.2606 | Page 51 (pdf) | |
| 605.2607 | Page 51 (pdf) | |
| 605.2608 | Page 53 (pdf) | |
| 605.2701 | Page 55 (pdf) | |
| 605.2702 | Page 58 (pdf) | |
| 605.2703 | Page 59 (pdf) | |
| 605.2704 | Page 60 (pdf) | |
| 605.2801 | Page 62 (pdf) | |
| 605.2802 | Page 62 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
Identical bill
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