Tracking Virginia’s General Assembly
since 2007.
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
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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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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