CS/CS/CS/SB 554 (2015) -  Limited Liability Companies

by Rules and Judiciary and Commerce and Tourism and Simmons
Specifying that persons who are not members of a limited liability company are not deemed to have notice of a provision of the company’s articles of organization which limits a person’s authority to transfer real property held in the company’s name unless such limitation appears in an affidavit, certificate, or other instrument that is recorded in a specified manner; removing the prohibition that an operating agreement may not vary the power of a person to dissociate, etc.
Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon this act becoming a law, this act shall take effect July 1, 2015
Last Event: 04/22/15 S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 531 (Ch. 2015-148) -SJ 501 on Wednesday, April 22, 2015 3:20 PM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 03/02/15 1:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 5   Nays 0
  • Judiciary
    • On agenda for: 03/24/15 4:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 9   Nays 0
  • Rules
    • On agenda for: 04/02/15 11:30 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 11   Nays 0

Related Bills

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Rules 4/3/2015 1:46:46 PM
Chamber: Senate Committee: Rules 3/30/2015 2:07:00 PM
Chamber: Senate Committee: Judiciary 3/25/2015 3:54:23 PM
Chamber: Senate Committee: Judiciary 3/23/2015 4:07:15 PM
Chamber: Senate Committee: Commerce and Tourism 3/3/2015 9:59:47 AM
Chamber: Senate Committee: Commerce and Tourism 2/27/2015 12:43:41 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 531 (Ch. 2015-148) -SJ 501 Time: 04/22/2015 - 3:20 PM Member: Committee: Version: e1
Event: S Substituted CS/CS/CS/HB 531 -SJ 501 Time: 04/22/2015 - 3:20 PM Member: Committee: Version: e1
Event: S Read 3rd time -SJ 501 Time: 04/22/2015 - 3:20 PM Member: Committee: Version: e1
Event: S Placed on 3rd reading Time: 04/14/2015 - 11:42 AM Member: Committee: Version: c3
Event: S Ordered engrossed -SJ 414 Time: 04/14/2015 - 11:42 AM Member: Committee: Version: c3
Event: S Amendment(s) adopted (783904) -SJ 412 Time: 04/14/2015 - 11:41 AM Member: Committee: Version: c3
Event: S Read 2nd time -SJ 411 Time: 04/14/2015 - 11:40 AM Member: Committee: Version: c3
Event: S Retained on Special Order Calendar -SJ 372 Time: 04/08/2015 - 5:57 PM Member: Committee: Version: c3
Event: S CS/CS/CS by Rules read 1st time -SJ 353 Time: 04/07/2015 - 5:16 PM Member: Committee: Rules Version: c3
Event: S Placed on Special Order Calendar, 04/08/15 Time: 04/03/2015 - 3:35 PM Member: Committee: Version: c3
Event: S Placed on Calendar, on 2nd reading -SJ 351 Time: 04/03/2015 - 3:32 PM Member: Committee: Version: c3
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 04/03/2015 - 3:03 PM Member: Committee: Rules Version: c3
Event: S CS/CS/CS by- Rules; YEAS 11 NAYS 0 -SJ 351 Time: 04/02/2015 - 1:47 PM Member: Committee: Rules Version: c2
Event: S CS/CS by Judiciary read 1st time -SJ 268 Time: 03/31/2015 - 5:51 PM Member: Committee: Judiciary Version: c2
Event: S On Committee agenda-- Rules, 04/02/15, 11:30 am, 110 Senate Office Building Time: 03/30/2015 - 1:49 PM Member: Committee: Rules Version: c2
Event: S Now in Rules -SJ 260 Time: 03/26/2015 - 1:50 PM Member: Committee: Rules Version: c2
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/25/2015 - 4:14 PM Member: Committee: Judiciary Version: c2
Event: S CS/CS by Judiciary; YEAS 9 NAYS 0 -SJ 260 Time: 03/24/2015 - 6:48 PM Member: Committee: Judiciary Version: c1
Event: S On Committee agenda-- Judiciary, 03/24/15, 4:00 pm, 110 Senate Office Building Time: 03/19/2015 - 3:03 PM Member: Committee: Judiciary Version: c1
Event: S On Committee agenda-- Judiciary, 03/17/15, 11:00 am, 110 Senate Office Building --Meeting cancelled Time: 03/12/2015 - 4:09 PM Member: Committee: Judiciary Version: c1
Event: S CS by Commerce and Tourism read 1st time -SJ 155 Time: 03/03/2015 - 9:30 PM Member: Committee: Commerce and Tourism Version: c1
Event: S Now in Judiciary -SJ 160 Time: 03/03/2015 - 3:19 PM Member: Committee: Judiciary Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/03/2015 - 12:07 PM Member: Committee: Commerce and Tourism Version: c1
Event: S Introduced -SJ 68 Time: 03/03/2015 - 7:55 AM Member: Committee: Version: __
Event: S CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 160 Time: 03/02/2015 - 1:42 PM Member: Committee: Commerce and Tourism Version: __
Event: S On Committee agenda-- Commerce and Tourism, 03/02/15, 1:00 pm, 110 Senate Office Building Time: 02/23/2015 - 3:02 PM Member: Committee: Commerce and Tourism Version: __
Event: S Referred to Commerce and Tourism; Judiciary; Rules -SJ 68 Time: 02/05/2015 - 7:53 AM Member: Committee: Commerce and Tourism Version: __
Event: S Filed Time: 01/28/2015 - 3:38 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
15.16 CS/CS/CS/HB 531
48.062 CS/CS/CS/HB 531
213.758 CS/CS/CS/HB 531
220.02 SB 128, SB 302, HB 311, SB 392, HB 517, CS/CS/CS/HB 531, HB 903, SB 1556, HB 7141
220.03 SB 392, CS/CS/CS/HB 531, HB 903, HB 1221, SB 1556, HB 7009, SB 7014, CS/HB 7067, HB 7141
220.13 SB 128, SB 392, HB 517, HB 529, CS/CS/CS/HB 531, HB 903, CS/CS/SB 980, HB 1221, SB 1556, HB 7009, SB 7014, HB 7141
310.181 CS/CS/CS/HB 531
440.02 CS/CS/CS/HB 531
605.0102 CS/CS/CS/HB 531
605.0103 CS/CS/CS/HB 531
605.0105 CS/CS/CS/HB 531
605.0111 CS/CS/CS/HB 531
605.0401 CS/CS/CS/HB 531
605.04073 CS/CS/CS/HB 531
605.04074 CS/CS/CS/HB 531
605.04091 CS/CS/CS/HB 531
605.0410 CS/CS/CS/HB 531
605.0602 CS/CS/CS/HB 531
605.0712 CS/CS/CS/HB 531, SB 702, HB 7029
605.0715 CS/CS/CS/HB 531
605.0717 CS/CS/CS/HB 531
605.0805 CS/CS/CS/HB 531, SB 702, HB 7029
605.0909 CS/CS/CS/HB 531
605.1072 CS/CS/CS/HB 531
605.1108 CS/CS/CS/HB 531
606.06 CS/CS/CS/HB 531
607.1108 CS/CS/CS/HB 531
607.1109 CS/CS/CS/HB 531
607.11101 CS/CS/CS/HB 531
608.401
608.402
608.403
608.404
608.405
608.406
608.407
608.408
608.4081
608.4082
608.409
608.4101
608.411
608.4115
608.415
608.416
608.4211
608.422
608.4225
608.4226
608.4227
608.4228
608.4229
608.423
608.4231
608.4232
608.4235
608.4236
608.4237
608.4238
608.425
608.426
608.4261
608.427
608.428
608.431
608.432
608.433
608.434
608.4351
608.4352
608.4353
608.4354
608.4355
608.4356
608.4357
608.43575
608.4358
608.43585
608.4359
608.43595
608.438
608.4381
608.4382
608.4383
608.439
608.4401
608.4402
608.4403
608.4404
608.441
608.4411
608.4421
608.4431
608.444
608.445
608.446
608.447
608.448
608.4481
608.4482
608.4483
608.449
608.4491
608.4492
608.4493
608.4511
608.452
608.455
608.461
608.462
608.463
608.471
608.501
608.502
608.503
608.504
608.505
608.506
608.507
608.508
608.509
608.5101
608.511
608.512
608.513
608.5135
608.514
608.601
608.701
608.702
608.703
608.704
608.705
621.12 CS/CS/CS/HB 531
636.204 CS/CS/CS/HB 531
655.0201 CS/CS/CS/HB 531
658.2953 CS/CS/CS/HB 531
694.16 CS/CS/CS/HB 531
1002.395 CS/CS/CS/HB 531, CS/SB 602, SB 702, HB 723, HB 7029, CS/HB 7095

(*) Not the latest version