Limited liability companies; entity conversions. (HB955)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Limited liability companies; entity conversions. Restructures the Virginia Limited Liability Company Act (Act) to locate into a new article all existing provisions related to the formation of a limited liability company (LLC) by entity conversion. In addition, the measure brings the current business entity conversion provisions in the Virginia Business Trust Act into alignment with the entity conversion provisions of the Act as restructured in this measure. The measure also provides for the reorganization of an LLC in bankruptcy, as is provided for Virginia stock and nonstock corporations. The measure makes technical adjustments to the Act to bring it in conformance with similar provisions applicable to other business entities. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2016 | Committee |
01/12/2016 | Prefiled and ordered printed; offered 01/13/16 16103571D |
01/12/2016 | Referred to Committee on Commerce and Labor |
01/21/2016 | Impact statement from SCC (HB955) |
01/26/2016 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
01/28/2016 | Read first time |
01/29/2016 | Read second time and engrossed |
02/01/2016 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/01/2016 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/02/2016 | Constitutional reading dispensed |
02/02/2016 | Referred to Committee on Commerce and Labor |
02/22/2016 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
02/24/2016 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/25/2016 | Read third time |
02/25/2016 | Passed Senate (40-Y 0-N) (see vote tally) |
02/29/2016 | Enrolled |
02/29/2016 | Bill text as passed House and Senate (HB955ER) |
02/29/2016 | Signed by Speaker |
03/01/2016 | Impact statement from SCC (HB955ER) |
03/03/2016 | Signed by President |
03/04/2016 | Enrolled Bill communicated to Governor on 3/4/16 |
03/04/2016 | G Governor's Action Deadline Midnight, March 11, 2016 |
03/07/2016 | G Approved by Governor-Chapter 288 (effective 7/1/16) |
03/07/2016 | G Acts of Assembly Chapter text (CHAP0288) |