Bill
Number: S.B. 1233
Driggs Floor Amendment
Amendment drafted by: Jake Agron
FLOOR AMENDMENT EXPLANATION
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.
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