Senate Bill 316 Limited Liability Companies

Bill Introduced

2025 Regular

Bill Summary

Defining the terms “registered foreign protected series of a foreign series limited liability company” and “registered foreign series limited liability company”; specifying that certain limited liability companies are considered a nonresident under certain circumstances; creating the “Uniform Protected Series Provisions”; providing for powers and prohibitions for protected series of series limited liability companies; authorizing domestic limited liability companies to establish protected series, etc.

Subject

Some type of bill category

Sponsors

Berman

Last Action

01/17/25 S Filed on (1/17/2025)

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