|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to corporations, authorities and commissions|
|Jan 05, 2011||referred to corporations, authorities and commissions|
senate Bill S437
Archive: Last Bill Status - In Senate Corporations, Authorities And Commissions Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S437 - Details
S437 - Sponsor Memo
BILL NUMBER:S437 TITLE OF BILL: An act to amend the limited liability company law and the arts and cultural affairs law, in relation to publication requirements; and to repeal section 206 of the limited liability company law, relating to affidavits of publication PURPOSE OR GENERAL IDEA OF BILL: Repeals publication requirements of articles of organization under the limited liabilities laws and creates an online filing requirement with the department of state. SUMMARY OF SPECIFIC PROVISIONS: Removes the publication requirements for conversions of partnerships or limited partnerships to limited liability corporations and eliminates the filing fees for the affidavits of publication. Repeals section 206 of the limited liability company law in relation to the publication requirements for articles of organization of limited liability companies. Requires that department of state promulgate rules and regulations for
S437 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 437 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the limited liability company law and the arts and cultural affairs law, in relation to publication requirements; and to repeal section 206 of the limited liability company law, relating to affidavits of publication THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of subdivision (e) of section 1006 of the limited liability company law, as amended by chapter 375 of the laws of 1998, is amended to read as follows: In connection with any conversion approved under subdivision (c) of this section, the partnership or limited partnership shall file with the department of state a signed certificate entitled "Certificate of Conversion of ... (name partnership or limited partnership) to ... (name of limited liability company) under section one thousand six of the Limited Liability Company Law" [and shall also satisfy the publication requirements of section two hundred six of this chapter]. Such certif- icate shall include either: S 2. Section 206 of the limited liability company law is REPEALED. S 3. Subdivision (s) of section 1101 of the limited liability company law, as amended by chapter 767 of the laws of 2005, is amended to read as follows: (s) For filing a certificate of publication with affidavits of publi- cation annexed thereto pursuant to section [two hundred six,] eight hundred two, twelve hundred three or thirteen hundred six of this chap- ter, fifty dollars. S 4. Section 209 of the limited liability company law is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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