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.
Senate Committee References:
- Commerce and Tourism (CM)
- Judiciary (JU)
- Rules (RC)
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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
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SB 316, Original Filed Version (Current Bill Version) Posted 1/17/2025 at 4:34 PM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 2/17/2025 (pdf)
Commerce and Tourism (Post-Meeting) 2/18/2025 (pdf)
Related Bills (1)
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 Votes (1)
Date Committee Result 2/18/2025 8:30 AM Commerce and Tourism 7 Yeas - 0 Nays Citations - 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)