HB 1228 -- BUSINESS ORGANIZATIONS

This bill clarifies that a foreign registered limited liability
limited partnership or a foreign registered limited liability
partnership is not transacting business in the state solely
because it is a member of a limited liability company.

HB 1228 -- BUSINESS ORGANIZATIONS (May, 108)

This bill clarifies that a foreign registered limited liability
limited partnership or a foreign registered limited liability
partnership is not transacting business in the state solely
because it is a member of a limited liability company.

FISCAL NOTE:  No impact on state funds.

HB 1228 -- BUSINESS ORGANIZATIONS

SPONSOR:  May (108)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Judiciary by a vote of 17 to 0.

This bill clarifies that a foreign registered limited liability
limited partnership or a foreign registered limited liability
partnership is not transacting business in the state solely
because it is a member of a limited liability company.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that this bill makes technical
corrections to the law concerning limited liability partnerships.

Testifying for the bill were Representative May (108); and
Office of the Secretary of State.

OPPONENTS:  There was no opposition voiced to the committee.

Katharine Hickel, Legislative Analyst

HB 1228 -- Business Organizations

Sponsor:  May (108)

This bill clarifies that a foreign registered limited liability
limited partnership or a foreign registered limited liability
partnership is not transacting business in the state solely
because it is a member of a limited liability company.