Tuesday, December 2, 2008
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Tracking Virginia’s General Assembly
since 2007.

Search 2008 Bills:

SB1258: Limited liability companies; action authorized by consent of less than all members.

Chief Patron

Sen. Mark Herring (D-Leesburg)

Mark Herring (D-Leesburg)
Served: 2006–

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Status

Bill is Dead
View Entire History

Summary

Limited liability companies.  Provides that an action of a limited liability company that is authorized by consent of less than all members, and which occurs without a meeting, prior notice or a vote, will not become effective until 10 days after written notice reasonably describing the action is given to all members who did not sign the consent.

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Bill Text