HB472 Alabama 2017 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2017
Title
Alabama Partnership Act, repealed and replaced, procedures for formation and dissolution, conforming changes, Secs. 10A-1-5.10, 10A-1-9.01 added; Secs. 10A-1-5.07, 10A-1-7.33, 10A-8-1.01 to 10A-8-11.04, inclusive, repealed; Secs. 10A-1-1.02, 10A-1-1.03, 10A-1-1.06, 10A-1-1.08, 10A-1-1.12, 10A-1-2.02, 10A-1-3.06, 10A-1-3.17, 10A-1-3.32, 10A-1-3.33, 10A-1-3.41, 10A-1-4.01, 10A-1-4.02, 10A-1-4.25, 10A-1-4.31, 10A-1-5.01, 10A-1-5.02, 10A-1-5.03, 10A-1-5.04, 10A-1-5.05, 10A-1-5.06, 10A-1-5.08, 10A-1-5.11, 10A-1-5.12, 10A-1-5.31, 10A-1-5.32, 10A-1-5.33, 10A-1-7.01, 10A-1-7.02, 10A-1-7.03, 10A-1-7.04, 10A-1-7.05, 10A-1-7.06, 10A-1-7.07, 10A-1-7.11, 10A-1-7.12, 10A-1-7.13, 10A-1-7.14, 10A-1-7.22, 10A-1-7.23, 10A-1-7.24, 10A-1-7.31, 10A-1-7.32, 10A-1-7.34, 10A-1-7.36, 10A-1-7.37, 10A-1-8.01, 10A-1-8.02, 10A-1-8.03, 0A-1-9.21, 10A-1-9.22, 10A-5A-1.02, 10A-5A-1.06, 10A-9A-1.07, 10A-17-1.02 am'd.
Description
<p class="bill_description"> Under existing law, the Alabama Partnership
Act governs the formation, powers, governance, and
dissolution of partnerships in the state</p><p class="bill_description">
This bill would revise the Alabama
Partnership Act and would specify that the
procedures for formation, powers, governance, and
dissolution are applicable to limited liability
limited partnerships, limited liability
partnerships, foreign limited liability
partnerships, and foreign limited liability
partnerships that function in the state. This bill
would make conforming changes elsewhere in the
business entities law</p><p class="bill_entitled_an_act"> Relating to business entities; to amend Section
10A-1-1.02, Section 10A-1-1.03, as amended by Act 2016-379,
2016 Regular Session, Sections 10A-1-1.06, 10A-1-1.08,
10A-1-1.12, 10A-1-2.02, 10A-1-3.06, 10A-1-3.17, 10A-1-3.32,
10A-1-3.33, 10A-1-3.41, 10A-1-4.01, 10A-1-4.02, 10A-1-4.25,
10A-1-4.31, 10A-1-5.01, 10A-1-5.02, 10A-1-5.03, 10A-1-5.04,
10A-1-5.05, 10A-1-5.06, and 10A-1-5.08; to add Section
10A-1-5.10; to amend Sections 10A-1-5.11, 10A-1-5.12,
10A-1-5.31, 10A-1-5.32, 10A-1-5.33, 10A-1-7.01, 10A-1-7.02,
10A-1-7.03, 10A-1-7.04, 10A-1-7.05, and 10A-1-7.06, Section
10A-1-7.07, as amended by Act 2016-379, 2016 Regular Session,
10A-1-7.11, 10A-1-7.12, 10A-1-7.13, 10A-1-7.14, 10A-1-7.22,
10A-1-7.23, 10A-1-7.24, 10A-1-7.31, 10A-1-7.32, 10A-1-7.34,
10A-1-7.36, 10A-1-7.37, 10A-1-8.01, 10A-1-8.02, and
10A-1-8.03, to amend and renumber Section 10A-1-9.01 as
10A-1-9.02, to add a new Section 10A-1-9.01, and to amend
Sections 10A-1-9.21, 10A-1-9.22, 10A-5A-1.02, 10A-5A-1.06,
10A-9A-1.07, and 10A-17-1.02 of the Code of Alabama 1975, to
revise and replace the Alabama Partnership Act; and to provide
that the procedures for formation, powers, governance, and
dissolution are applicable to limited liability limited
partnerships, limited liability partnerships, foreign limited
liability partnerships, and foreign limited liability limited
partnerships that function in the state; to repeal Sections
10A-1-5.07, 10A-1-7.33, and Chapter 8 of Title 10A, comprised
of Sections 10A-8-1.01 to 10A-8-11.04, inclusive, Code of
Alabama 1975; and to add Chapter 8A to Title 10A of the Code
of Alabama 1975.
</p>
Subjects
Business Entities
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 6, 2017 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB472 Alabama 2017 Session - Introduced |