CS/SB 1152 (2011) -  Limited Liability Companies

General Bill by Banking and Insurance and Simmons
Limited Liability Companies: Provides that a charging order against a member's limited liability company interest is the sole and exclusive remedy available to enforce a judgment creditor's unsatisfied judgment against a member or member's assignee. Provides that, in the case of a multimember limited liability company, certain remedies are unavailable to a judgment creditor attempting to satisfy a judgment. Provides for construction relating to secured creditor rights, specified principles of law and equity, and continuing enforcement jurisdiction of the court, etc.
Effective Date: upon becoming a law
Last Event: 04/29/11 S Laid on Table, companion bill(s) passed, see CS/HB 253 (Ch. 2011-77) -SJ 600 on Friday, April 29, 2011 10:52 AM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 03/16/11 1:30 PM
    • Favorable (final action) Votes: Yeas 6   Nays 0
  • Judiciary
    • On agenda for: 03/28/11 3:15 PM
    • Favorable (final action) Votes: Yeas 6   Nays 0
  • Banking and Insurance
    • On agenda for: 04/25/11 8:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 10   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 253 Subject: Limited Liability Companies Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Banking and Insurance 4/25/2011 2:22:37 PM
Chamber: Senate Committee: Banking and Insurance 4/21/2011 8:17:51 AM
Chamber: Senate Committee: Judiciary 3/29/2011 9:55:50 AM
Chamber: Senate Committee: Judiciary 3/25/2011 5:56:43 PM
Chamber: Senate Committee: Commerce and Tourism 3/16/2011 5:09:50 PM
Chamber: Senate Committee: Commerce and Tourism 3/15/2011 1:33:23 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Substituted CS/HB 253 -SJ 600 Time: 04/29/2011 - 10:52 AM Member: Committee: Version: c1
Event: S Laid on Table, companion bill(s) passed, see CS/HB 253 (Ch. 2011-77) -SJ 600 Time: 04/29/2011 - 10:52 AM Member: Committee: Version: c1
Event: S Read 2nd time -SJ 600 Time: 04/29/2011 - 10:51 AM Member: Committee: Version: c1
Event: S Placed on Special Order Calendar, 04/29/11 Time: 04/27/2011 - 6:15 PM Member: Committee: Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 482 Time: 04/26/2011 - 9:30 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading -SJ 471 Time: 04/25/2011 - 7:36 PM Member: Committee: Version: c1
Event: S Pending reference review -under Rule 4.7(2) - (Committee Substitute) Time: 04/25/2011 - 2:17 PM Member: Committee: Version: __
Event: S CS by- Banking and Insurance; YEAS 10 NAYS 0 -SJ 471 Time: 04/25/2011 - 8:33 AM Member: Committee: Version: __
Event: S On Committee agenda-- Banking and Insurance, 04/25/11, 8:00 am, 412 Knott Building Time: 04/20/2011 - 4:34 PM Member: Committee: Version: __
Event: S Now in Banking and Insurance -SJ 299 Time: 03/29/2011 - 10:02 AM Member: Committee: Version: __
Event: S Favorable by Judiciary; YEAS 6 NAYS 0 -SJ 299 Time: 03/28/2011 - 5:39 PM Member: Committee: Version: __
Event: S On Committee agenda-- Judiciary, 03/28/11, 3:15 pm, 110 Senate Office Building Time: 03/23/2011 - 4:25 PM Member: Committee: Version: __
Event: S Now in Judiciary -SJ 235 Time: 03/16/2011 - 5:35 PM Member: Committee: Version: __
Event: S Favorable by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 235 Time: 03/16/2011 - 4:15 PM Member: Committee: Version: __
Event: S On Committee agenda-- Commerce and Tourism, 03/16/11, 1:30 pm, 401 Senate Office Building Time: 03/11/2011 - 2:30 PM Member: Committee: Version: __
Event: S Introduced -SJ 87 Time: 03/07/2011 - 5:34 PM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Judiciary; Banking and Insurance -SJ 87 Time: 03/01/2011 - 11:38 AM Member: Committee: Version: __
Event: S Filed Time: 02/16/2011 - 10:55 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
608.433 CS/HB 253*

(*) Not the latest version