Bill Number: S.B. 1233

                                                                                                            Driggs Floor Amendment

                                                                                                              Reference to: printed bill

                                                                                         Amendment drafted by: Jake Agron

 

 

The Driggs Floor Amendment to SB 1233 clarifies that surviving co-owners of an interest in a limited liability company (LLC) held with the right of survivorship have the rights of an assignee with respect to the interest, unless and until the co-owner is admitted as a member to the LLC.

Fifty-first Legislature                                                    Driggs

First Regular Session                                                   S.B. 1233

 

DRIGGS FLOOR AMENDMENT

 

SENATE AMENDMENTS TO S.B. 1233

 

(Reference to printed bill)

 

 

Page 2, line 42, after “MEMBERS” insert “, and shall have only the rights of an assignee with respect to the interest, unless and until the co-owner is admitted as a member in accordance with section 29-731”

Page 3, line 44, after the second “TO” strike remainder of line

Line 45, strike “OWNERSHIP OF AN INTEREST IN THE LIMITED LIABILITY COMPANY OR TO”

Amend title to conform

 

 

 

 

2/20/13

10:58 AM

S: JA/ly