CS/SB 316: Limited Liability Companies
GENERAL BILL by Rules ; 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 powers and prohibitions for protected series of series limited liability companies; authorizing domestic limited liability companies to establish protected series, etc.
Effective Date: 7/1/2026
Last Action: 3/28/2025 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Last Action: 3/28/2025 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Senate Committee References:
- 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 |
| 3/4/2025 | Senate |
• Introduced |
| 3/14/2025 | Senate |
• On Committee agenda-- Judiciary, 03/19/25, 9:00 am, 110 Senate Building |
| 3/19/2025 | Senate |
• Favorable by Judiciary; YEAS 11 NAYS 0 • Now in Rules |
| 3/21/2025 | Senate |
• On Committee agenda-- Rules, 03/26/25, 9:00 am, 412 Knott Building |
| 3/26/2025 | Senate |
• CS by- Rules; YEAS 24 NAYS 0 • Pending reference review -under Rule 4.7(2) - (Committee Substitute) |
| 3/27/2025 | Senate |
• CS by Rules read 1st time |
| 3/28/2025 | Senate |
• Placed on Calendar, on 2nd reading |
