Limited liability companies; updates Virginia Limited Liability Company Act, technical amendments. (HB1748)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

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

Description

Limited liability companies. Updates the Virginia Limited Liability Company Act to (i) provide a single standard for the execution by foreign limited liability companies of documents; (ii) provide for the perpetual existence of a Virginia limited liability company, which will be presumed unless a specified period of duration is set forth in the articles of organization; (iii) provide a requirement for the inclusion of an identification number in certain documents; and (iv) align annual registration fee assessment and domestication provisions with similar provisions applicable to other business entities. The measure also includes technical amendments. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2013Committee
01/08/2013Prefiled and ordered printed; offered 01/09/13 13101102D
01/08/2013Referred to Committee on Commerce and Labor
01/12/2013Impact statement from SCC (HB1748)
01/15/2013Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/17/2013Read first time
01/18/2013Read first time
01/18/2013Read second time and engrossed
01/21/2013Read third time and passed House BLOCK VOTE (87-Y 0-N)
01/21/2013VOTE: BLOCK VOTE PASSAGE (87-Y 0-N) (see vote tally)
01/22/2013Constitutional reading dispensed
01/22/2013Referred to Committee on Commerce and Labor
02/04/2013Reported from Commerce and Labor (16-Y 0-N) (see vote tally)
02/05/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2013Read third time
02/06/2013Passed Senate (40-Y 0-N) (see vote tally)
02/11/2013Enrolled
02/11/2013Bill text as passed House and Senate (HB1748ER)
02/11/2013Signed by Speaker
02/12/2013Signed by President
02/12/2013Impact statement from SCC (HB1748ER)
02/20/2013G Approved by Governor-Chapter 17 (effective 7/1/13)
02/20/2013G Acts of Assembly Chapter text (CHAP0017)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.