TO: | Honorable Joe Deshotel, Chair, House Committee on Business & Industry |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB3624 by Elkins (Relating to the applicability of certain laws governing corporations to limited liability companies.), As Introduced |
The bill would apply certain provisions relating to the limitations on liability afforded to corporate shareholders, subscribers for shares, and assignees to a limited liability company and the company’s members, owners, assignees, and subscribers. The bill would be effective September 1, 2009.
Source Agencies: | 307 Secretary of State
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LBB Staff: | JOB, JRO, BTA
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