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Senate Insurance & Commerce committee approves technical fix to LLC law
Summary
The Senate Insurance & Commerce committee voted to pass House Bill 1004, a technical correction to the Limited Liability Company Act intended to reconcile a drafting error that caused an unintended lapse between the old and new laws. No public testimony was taken.
The Senate Insurance & Commerce committee unanimously approved House Bill 1004 on a voice vote, advancing a technical correction to the state’s Limited Liability Company Act.
Representative Dolby presented the bill, saying: "This is the limited liability company act in which, there was a drafting error that we expire the old the previous law expired before the new 1 took place, and this will reconcile that, and that is the essence of the bill." Dolby offered to answer questions; none were raised.
After the presentation, Senator Dismay moved that the committee give the bill a do-pass recommendation. Senator Elliott seconded the motion. The committee conducted a voice vote; the chair called for ayes, heard "Aye," noted no recorded opposition, and announced that the motion had passed. The chair then congratulated Representative Dolby, who thanked members of the committee. The meeting was adjourned.
The measure was advanced by the committee without public testimony and with no recorded roll-call tally in the transcript. Additional steps required for final enactment, including any floor consideration or further procedural action, were not recorded in this transcript.
