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SB517 Alabama 2011 Session

Updated Jul 26, 2021

Summary

Session
Regular Session 2011
Title
Limited liability companies, formation of low-profit limited liability companies, definitions, names of companies, dissolution provisions, Secs. 10A-1-5.06, 10A-2-14.20, 10A-5-1.02 am'd.
Description

Existing law does not specifically recognize the formation of low-profit limited liability companies.

This bill would specifically provide for the formation of low-profit limited liability companies.

This bill would change certain provisions relative to definitions of low-profit limited liability companies.

This bill would change certain provisions relating to the names of limited liability companies.

This bill would change certain provisions relating to judicial and administrative dissolution of limited liability companies.

Subjects
Limited Liability Companies

Bill Actions

Read for the first time and referred to the Senate committee on Judiciary

Bill Text

Documents

Source: Alabama Legislature