Did not become law. It stopped in the House of Representatives's Judiciary Committee on June 29, 2009. The 2009 session has ended.
2009 Regular Session
House Bill 2886
Creates low-profit limited liability company as type of limited liability company with specified business purpose.
What it does
The synopsis the Legislative Assembly published with the bill.
Creates low-profit limited liability company as type of limited liability company with specified business purpose. Provides that business purpose of low-profit limited liability company must be to significantly further charitable, educational or related purposes identified in Internal Revenue Code. Prohibits low-profit limited liability company from engaging in certain activities. Specifies form of name for low-profit limited liability company. Provides that Secretary of State may administratively dissolve low-profit limited liability company for failure to meet business purpose requirement and failure to amend articles of organization to accurately describe business purpose and change name.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Chief co-sponsor
7 co-sponsors
Jules Bailey, Jeff Barker, Chris Garrett, Arnie Roblan, Jefferson Smith, Judy Stiegler, Jim Thompson
Its course
March 3 to June 29, 2009, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the House of RepresentativesMar 3 to Jun 29 · stopped118 days
Waiting for a committeeMar 3 to Mar 96 days
JudiciaryMar 9 to Jun 29 · stopped112 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Mar 3 – Jun 29
- Mar 3Introduced
- Mar 9Sent to Judiciary
- Jun 29Died when the session ended
All 3 actions, as published
- Mar 3First reading. Referred to Speaker's desk.House of Representatives
- Mar 9Referred to Judiciary.House of Representatives
- Jun 29In committee upon adjournment.House of Representatives