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SF0052
Limited liability company-creditor.
Year
2002
Status
Proposed
Sponsor
Hanes
Committee
Not Assigned
Introduced
Feb 12, 2002
24 years ago
Last Action
Assigned Chapter Number - 42
Status
Not Yet Signed
Bill is pending
Bill Synopsis
Limits how creditors can collect debts from LLC owners. Creditors can only receive profit payments, not take control of the business. Takes effect July 1, 2002.
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Individual Sponsor
This bill was sponsored by Hanes rather than by a committee. Individual legislators can introduce bills that are then assigned to committees for review during the legislative process.
Documents & Resources
View Full Bill Text (PDF)
Official bill document
Last Action
Assigned Chapter Number - 42