House Bill 1354

AN ACT TO CREATE THE REVISED MISSISSIPPI LIMITED LIABILITY COMPANY ACT; TO MAKE CERTAIN GENERAL PROVISIONS, ENACT DEFINITIONS, PLACE CERTAIN RESTRICTIONS UPON NAMES ALLOWABLE FOR A LIMITED LIABILITY COMPANY AND PROVIDE FOR REGISTERED AGENTS FOR SERVICE; TO PROVIDE DEFAULT PROVISIONS FOR CHOICE OF LAW AND OTHER MATTERS; TO PROVIDE FOR FORMATION OF A LIMITED LIABILITY COMPANY AND THE CERTIFICATE OF FORMATION; TO PROVIDE FOR ANNUAL REPORTS; TO PROVIDE FOR MERGER, DISSOLUTION AND DISPOSAL OF ASSETS; TO MAKE PROVISIONS CONCERNING MEMBERS OF THE LIMITED LIABILITY COMPANY AND VOTING RIGHTS OF MEMBERS; TO PROVIDE FOR THE MANAGEMENT OF A LIMITED LIABILITY COMPANY; TO PROVIDE FOR THE CONTRIBUTIONS TO AND SHARING OF LOSSES AND PROFITS FROM A LIMITED LIABILITY COMPANY; TO MAKE PROVISIONS FOR DISTRIBUTIONS BY THE LIMITED LIABILITY COMPANY TO ITS MEMBERS; TO PROVIDE FOR THE ASSIGNMENT OF FINANCIAL INTERESTS; TO MAKE CERTAIN PROVISIONS IN THE EVENT OF DISSOLUTION AND PROVIDE FOR WINDING-UP; TO PROVIDE FOR ADMINISTRATIVE DISSOLUTION BY THE SECRETARY OF STATE UNDER CERTAIN CIRCUMSTANCES; TO MAKE PROVISION AND ENACT CERTAIN RESTRICTIONS FOR PROFESSIONAL LIMITED LIABILITY COMPANIES; TO PROVIDE FOR FOREIGN LIMITED LIABILITY COMPANIES, REQUIRE REGISTRATION THEREOF, AND PROVIDE FOR ADMINISTRATIVE REVOCATION OF REGISTRATION UNDER CERTAIN CIRCUMSTANCES; TO PROVIDE FOR DERIVATIVE ACTIONS; TO ENACT RULES OF CONSTRUCTION, IMPOSE CERTAIN FEES, AND MAKE OTHER MISCELLANEOUS PROVISIONS; TO MAKE TRANSITION PROVISIONS; TO REPEAL SECTIONS 79-29-101 THROUGH 79-29-1204, MISSISSIPPI CODE OF 1972, WHICH COMPRISE THE MISSISSIPPI LIMITED LIABILITY COMPANY ACT; AND FOR RELATED PURPOSES.

In the House of Representatives

• George Flaggs, Jr.

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 18 – Feb 11

1. Jan 18Referred to the House committee on Judiciary A
2. Feb 2Reported from committee in the House: title sufficient, do pass as a committee substitute
3. Feb 11Died on the calendar in the House