HCS HB 431 -- BUSINESS ORGANIZATIONS

SPONSOR:  Pratt

COMMITTEE ACTION:  Voted "do pass" by the Committee on Judiciary
by a vote of 11 to 0.

This substitute authorizes an additional method for the
dissolution of a limited liability company (LLC) in the event
there are no members and the LLC is not already dissolved and not
required to be wound up.  The substitute also changes the
definition of "issuing public corporation" in the general
provisions for business corporations and defines "domestic
corporation" as a corporation incorporated under Missouri laws in
the merger and consolidation section of the statute.

FISCAL NOTE:  No impact on state funds in FY 2008, FY 2009, and
FY 2010.

PROPONENTS:  Supporters say that the bill changes the method for
the dissolution of a limited liability company, cleans up
statutory language, and makes limited technical changes.

Testifying for the bill was Representative Pratt.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am