HB54 Alabama 2015 Session
Bill Summary
Under existing law, the Alabama Limited Liability Company Law of 2014, provides for the formation of limited liability companies
This bill would clarify that the law of the state in which a foreign limited liability company is formed governs the internal affairs of that entity
This bill would clarify that, under normal circumstances, the liability of a member of a limited liability company for wrongful distributions is limited to the amount of the distributions received
This bill would also make technical corrections in cross references
To amend Sections 10A-5A-1.05, 10A-5A-1.06, and 10A-5A-4.06, Code of Alabama 1975, as added by Act 2014-144, 2014 Regular Session (Acts 2014), relating to the Alabama Limited Liability Company Law of 2014, to clarify that the law of the state in which a foreign limited liability company is formed governs the internal affairs of that entity; to clarify that under normal circumstances the liability of a member of a limited liability company for wrongful distributions is limited to the amount of the distributions received; and to make technical corrections in cross references.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2015 | H | Enrolled |
| May 7, 2015 | H | Delivered to Governor at 10:18 a.m. on May 7, 2015. |
| May 7, 2015 | H | Assigned Act No. 2015-165. |
| May 7, 2015 | S | |
| May 7, 2015 | H | Clerk of the House Certification |
| May 7, 2015 | S | Signature Requested |
| May 5, 2015 | H | Enrolled |
| May 7, 2015 | S | Concurred in Second House Amendment |
| May 5, 2015 | H | Poole motion to Concur In and Adopt adopted Roll Call 583 |
| May 5, 2015 | H | Concurrence Requested |
| May 5, 2015 | S | Motion to Read a Third Time and Pass adopted Roll Call 770 |
| May 5, 2015 | S | Motion to Adopt adopted Roll Call 769 |
| May 5, 2015 | S | Ward Amendment Offered |
| May 5, 2015 | S | Ward motion to Reconsider adopted Voice Vote |
| May 5, 2015 | S | Motion to Read a Third Time and Pass adopted Roll Call 766 |
| May 5, 2015 | S | Third Reading Passed |
| April 9, 2015 | S | Read for the second time and placed on the calendar |
| March 31, 2015 | S | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development |
| March 31, 2015 | H | Engrossed |
| March 31, 2015 | H | Buskey and Bracy inteded to vote Yea |
| March 31, 2015 | H | Motion to Read a Third Time and Pass adopted Roll Call 170 |
| March 31, 2015 | H | Motion to Adopt adopted Roll Call 169 |
| March 31, 2015 | H | Commerce and Small Business Amendment Offered |
| March 31, 2015 | H | Third Reading Passed |
| March 18, 2015 | H | Read for the second time and placed on the calendar 1 amendment |
| March 3, 2015 | H | Read for the first time and referred to the House of Representatives committee on Commerce and Small Business |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 8, 2015 | Room 727 at 15:00 | Senate FR&ED Hearing |
| Hearing | March 18, 2015 | Room 123 at 14:30 | House C&SB Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB54 Alabama 2015 Session - Enrolled |
| Bill Text | HB54 Alabama 2015 Session - Engrossed |
| Bill Text | HB54 Alabama 2015 Session - Introduced |