TO: | Honorable René Oliveira, Chair, House Committee on Business & Industry |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB2144 by Oliveira (Relating to partnerships and limited liability companies.), As Introduced |
The bill would amend the Business Organizations Code to require the Secretary of State to clarify certain provisions relating to company or partnership agreements. Additionally, the bill would change the domestic Limited Liability Partnership registration process.
The Secretary of State indicates the provisions of the bill could be implemented within existing resources.
The provision that would change the registration requirements for domestic limited liability partnerships would take effect January 1, 2016. Otherwise, the bill would take effect September 1, 2015
Source Agencies: | 304 Comptroller of Public Accounts, 307 Secretary of State
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LBB Staff: | UP, CL, EP, CM
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