Limited liability companies; establishes procedures thereof. (SB547)

Introduced By

Sen. Walter Stosch (R-Glen Allen) with support from co-patrons Del. Watkins Abbitt (I-Appomattox), Del. Kathy Byron (R-Lynchburg), and Del. Terrie Suit (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Limited liability companies and limited partnerships; domestication. Establishes a procedure by which a foreign limited liability company may become a domestic limited liability company. The provisions establishing the procedure for domestication of a foreign limited liability company become effective on November 1, 2006. The measure also provides procedures for publishing notice of the dissolution of a limited liability company or limited partnership, and for serving a summons upon a limited liability company. The measure revises numerous provisions to update references to business entities and give limited liability companies the same rights as are provided to other forms of business entities. Read the Bill »


04/19/2006: enacted


01/11/2006Prefiled and ordered printed; offered 01/11/06 062703824
01/11/2006Referred to Committee on Commerce and Labor
01/23/2006Reported from Commerce and Labor with substitute (15-Y 0-N)
01/23/2006Committee substitute printed 062729824-S1
01/24/2006Fiscal impact statement from SCC (SB547)
01/25/2006Constitutional reading dispensed (39-Y 0-N)
01/25/2006VOTE: (39-Y 0-N)
01/26/2006Read second time
01/26/2006Reading of substitute waived
01/26/2006Committee substitute agreed to 062729824-S1
01/26/2006Engrossed by Senate - committee substitute SB547S1
01/27/2006Read third time and passed Senate (38-Y 0-N)
01/27/2006VOTE: (38-Y 0-N)
01/27/2006Communicated to House
01/29/2006Fiscal impact statement from SCC (SB547S1)
02/13/2006Placed on Calendar
02/13/2006Read first time
02/13/2006Referred to Committee on Commerce and Labor
02/28/2006Reported from Commerce and Labor with substitute (21-Y 1-N)
03/01/2006Committee substitute printed 062769824-H1
03/02/2006Read second time
03/03/2006Read third time
03/03/2006Committee substitute agreed to 062769824-H1
03/03/2006Engrossed by House - committee substitute SB547H1
03/03/2006Passed House with substitute (98-Y 0-N)
03/03/2006VOTE: PASSAGE (98-Y 0-N)
03/07/2006House substitute agreed to by Senate (40-Y 0-N)
03/07/2006VOTE: (40-Y 0-N)
03/08/2006Fiscal impact statement from SCC (SB547H1)
03/21/2006Bill text as passed Senate and House (SB547ER)
03/21/2006Signed by Speaker
03/22/2006Signed by President
03/24/2006Fiscal impact statement from SCC (SB547ER)
04/11/2006Governor's recommendation received by Senate
04/18/2006Placed on Calendar
04/19/2006Senate concurred in Governor's recommendation (37-Y 0-N)
04/19/2006VOTE: (37-Y 0-N)
04/19/2006House concurred in Governor's recommendation (96-Y 0-N)
04/19/2006VOTE: ADOPTION (96-Y 0-N)
04/19/2006G Governor's recommendation adopted
04/19/2006Signed by President as reenrolled
04/19/2006Signed by Speaker as reenrolled
04/19/2006Enacted, Chapter 912 (effective - see bill)
04/19/2006Reenrolled bill text (SB547ER2)
04/19/2006G Acts of Assembly Chapter text (CHAP0912)