By Armbrister S.B. No. 945
76R7260 DWS-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the powers of a limited liability company.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Article 2.02, Texas Limited Liability Company Act
1-5 (Article 1528n, Vernon's Texas Civil Statutes), is amended by
1-6 adding Section D to read as follows:
1-7 D. A limited liability company engaged as a common carrier
1-8 in the pipeline business for transporting oil, oil products, gas,
1-9 carbon dioxide, salt brine, fuller's earth, sand, clay, liquefied
1-10 minerals, or other mineral solutions has all of the rights and
1-11 powers conferred by Sections 111.019-111.022, Natural Resources
1-12 Code.
1-13 SECTION 2. This Act takes effect September 1, 1999.
1-14 SECTION 3. The importance of this legislation and the
1-15 crowded condition of the calendars in both houses create an
1-16 emergency and an imperative public necessity that the
1-17 constitutional rule requiring bills to be read on three several
1-18 days in each house be suspended, and this rule is hereby suspended.