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Judiciary committee adopts amendments and advances Business Entity Modernization bill after debate on series LLCs
Summary
House Bill 2371, a broad update to Kansas business entity law including LLC code revisions, advanced from the Committee on Judiciary after lawmakers debated competing drafting approaches for series limited liability companies and adopted an amendment expanding series LLC options.
The House Committee on Judiciary advanced House Bill 2371 on Thursday after extended debate over how Kansas should update its limited liability company laws, including whether to adopt Delaware‑style conformity or to allow provisions used in neighboring states for "series" LLCs.
HB 2371 updates three business entity statutes, including Kansas's LLC act, the Business Entity Transaction Act and the Business Entity Standard Treatment Act, in a package proponents characterized as a modernizing follow‑up to changes adopted by other states. Committee adviser Jason Thompson summarized the bill as a "global update" aligning Kansas law with recent changes nationally.
Representative John…
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