House Bill 1189, effective July 1, 2023, provides that certain domestic and foreign entities must report whether the entity owns any agricultural land and, if so, whether the entity has any foreign beneficial owners.
House Bill 1088, effective July 1, 2023, updates the requirements for a foreign insurance company seeking to do business in the state.
House Bill 1060, effective July 1, 2022, consolidates certain domestication provisions of the LLC Act.
Senate Bill 103, effective July 1, 2021, provides for the confidentiality of personal information of persons affiliated with nonprofit corporations.
House Bill 1079, effective July 1, 2021, limits certain actions that may be taken by the executive branch relative to nonprofit corporations and charitable trusts.
House Bill 1090, effective March 3, 2021, amends requirements for domestic not-for-profit corporations concerning emergency bylaws and member meetings.
House Bill 1179, effective November 15, 2020 amends the LLC law to provide that an operating agreement may establish or provide for the establishment of a series of members, managers, or limited liability company interests having separate rights, powers, or duties with respect to specified property or obligations of the limited liability company or profits and losses associated with specified property or obligations. If certain requirements are met then the debts, liabilities, and obligations incurred, contracted for, or otherwise existing with respect to a particular series shall be enforceable against the assets of such series only, and not against the assets of the limited liability company generally or any other series thereof. Among those requirements are that a certificate of designation is obtained for each series. There are also provisions regarding the registration to do business of foreign LLCs with series and with foreign series.
House Bill 1109, effective July 1, 2020, amends the LLC law regarding the liabilities of members and managers.
House Bill 1114, effective July 1, 2020, authorizes additional abbreviations in naming corporations, limited liability companies, and limited liability partnerships.