HB 308 - Georgia Limited Liability Company Act; certain technical corrections; clarify provisions

Current VersionPDF Version

Sponsored In Senate By

Committees

Current Status

04/21/09 - House Date Signed by Governor

First Reader Summary

A BILL to be entitled an Act to amend Chapter 11 of Title 14 of the Official Code of Georgia Annotated, relating to limited liability companies, so as to amend the "Georgia Limited Liability Company Act"; to provide certain technical corrections to previously enacted legislation; to clarify certain provisions in the existing statute; to make certain provisions consistent with parallel provisions in the Georgia Business Corporations Code; to clarify the provisions governing the operating agreement of a limited liability company and its binding effect; to provide for automatic resignation of a registered agent following the dissolution of a limited liability company; to provide that statutory liability for wrongful distributions is based solely on violations of the statutory limitations on distributions; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
DateTimeVote NoYeasNaysNVExcDescription
03/05/20091:43PMHouse Vote #149156000011013PASS
03/25/200912:28PMSenate Vote #261047000005004PASSAGE BY SUBSTITUTE
03/30/20093:20PMHouse Vote #381161000012007Agree Sen Sub

Status History

Bill History
DateAction
02/05/2009House First Readers
02/06/2009House Second Readers
02/24/2009House Committee Favorably Reported
03/05/2009House Third Readers
03/05/2009House Passed/Adopted
03/09/2009Senate Read and Referred
03/17/2009Senate Committee Favorably Reported
03/18/2009Senate Read Second Time
03/25/2009Senate Third Read
03/25/2009Senate Passed/Adopted
03/30/2009House Agree Senate Amend or Sub
04/13/2009House Sent to Governor
04/21/2009House Date Signed by Governor
04/21/2009Act 38
07/01/2009Effective Date