| SB 0837 | Requires limited liability companies' articles of organization to reflect certain management information |
| Sponsor: | Wiggins | |||
| LR Number: | 3742L.01I | Fiscal Note: | 3742-01 | |
| Committee: | Financial and Governmental Organization | |||
| Last Action: | 02/14/00 - Hearing Conducted S Financial & Governmental | Journal page: | ||
| Organization Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2000 | |||
SB 837 - This act modifies the requirements regarding a limited liability company's articles of organization. Under the act, a limited liability company's articles of organization shall contain the names and addresses of its managers if the company's management is vested in one or more managers. If the management of the company is vested in its members, then the articles must contain the names and addresses of its members. This act also modifies the amendment procedure for a limited liability company. A limited liability company's articles of organization shall be amended to reflect a change in management.
Provisions similar to this act are also contained in
Truly Agreed To CCS/HS/HCS/SB 896 (2000).
STEPHEN WITTE