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Committee agrees to clarify Montana law for LLC operating agreements
Business, Labor, and Economic Affairs
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Summary
The committee moved to amend and concur on HB 898 to make Montana the governing law for Montana limited liability company operating agreements absent a choice-of-law provision; sponsors said the change reduces uncertainty for Montana businesses and included a $100 implementation appropriation.
Representative Eric Tillman opened House Bill 898, describing it as the Montana Limited Liability Company Act and saying the bill establishes default rules so that operating agreements for Montana LLCs are interpreted under Montana law (Title 28) unless the parties choose…
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