Limited liability company; charging orders entered against a member. (SB735)

Introduced By

Sen. Chap Petersen (D-Fairfax)

Progress

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

Description

Charging orders entered against a member of a limited liability company. Entitles judgment creditors to levy upon the membership interest of a judgment debtor when the debtor is a member of a limited liability company that is operating as an instrumentality to defraud creditors. Amends § 13.1-1041.1, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/12/2012Prefiled and ordered printed; offered 01/09/13 13100543D
12/12/2012Referred to Committee on Commerce and Labor
01/14/2013Failed to report (defeated) in Commerce and Labor (7-Y 8-N) (see vote tally)