Bill Text: IN SB0180 | 2011 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Limited partnerships and liability companies.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2011-05-18 - Effective 07/01/2011 [SB0180 Detail]

Download: Indiana-2011-SB0180-Amended.html


February 11, 2011





SENATE BILL No. 180

_____


DIGEST OF SB 180 (Updated February 9, 2011 1:12 pm - DI 106)



Citations Affected: Noncode.

Synopsis: Limited partnerships and liability companies. Requires the Indiana business law survey commission to conduct a study concerning the desirability of enacting: (1) the uniform limited partnership act; and (2) the revised uniform limited liability company act.

Effective: July 1, 2011.





Simpson




    January 5, 2011, read first time and referred to Committee on Judiciary.
    February 10, 2011, amended, reported favorably _ Do Pass.






February 11, 2011

First Regular Session 117th General Assembly (2011)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2010 Regular Session of the General Assembly.

SENATE BILL No. 180



    A BILL FOR AN ACT to amend the Indiana Code concerning business and other associations.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: ; (11)SB0180.1.1. -->     SECTION 1. [EFFECTIVE JULY 1, 2011] (a) As used in this SECTION, "commission" refers to the Indiana business law survey commission established by IC 23-1-54-3.
    (b) The commission shall conduct a study of the desirability of enacting into Indiana law the following:
        (1) The Uniform Limited Partnership Act.
        (2) The Revised Uniform Limited Liability Company Act.
    (c) The commission shall issue to the legislative council a final report in an electronic format under IC 5-14-6 containing the commission's findings and recommendations concerning each uniform act listed in subsection (b) not later than November 1, 2011.
    (d) This SECTION expires June 30, 2012.

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