- Committee -

SCS/SB 896 - This act makes several changes to laws relating to limited liability companies (LLC), not for profit health services corporations and limited liability partnerships (LLP).

LIMITED LIABILITY COMPANIES

Section 347.141 - Notice requirements for winding up a dissolved LLC would require publication in the Missouri Register in addition to the local county where the LLC is located.

LIMITED LIABILITY PARTNERSHIPS

Section 359.091 - Allows LLPs to be perpetual in their existence. Current law limits existence to a number of years.

Section 359.481 - Adds notice of winding up and publishing requirements for LLP's which is similar to that for LLCs.

GENERAL BUSINESS ORGANIZATIONS

Section 351.482 - Notice requirements for winding up a dissolved corporation would require publication in the Missouri Register. The requirement to provide local notice is deleted.

NOT FOR PROFIT HEALTH SERVICES CORPORATIONS

Extends the sunset clause for when a not for profit health services corporation may file for and amend its articles of incorporation to become a for profit corporation from August 31, 2000 to August 31, 2001.

STEPHEN WITTE