Senate Bill S3361

2019-2020 Legislative Session

Eliminates certain publication requirements for limited liability companies and limited liability partnerships; repealer

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Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-S3361 (ACTIVE) - Details

See Assembly Version of this Bill:
A7642
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Limited Liability Company Law
Laws Affected:
Amd §§1006, 209, 802, 1203, 1306 & 1101, rpld §206, §1101 sub (s), §802 sub (b), §1203 sub (c) ¶2, §1306 sub (d), §102 subs (a-1) & (e-1), Lim Lil L; rpld §121-201 sub (c), §121-902 sub (d), §121-1500 sub (a) ¶(II), §121-1502 sub (f) ¶(II), §121-1300 sub (f), §121-101 subs (a-1) & (a-2), amd §§121-201, 121-902, 121-1500, 121-1502 & 121-1300, Partn L; rpld §23.03 sub 4, Arts & Cul L; add §89-j, St Fin L
Versions Introduced in Other Legislative Sessions:
2021-2022: S1481, A2551
2023-2024: S4716, A7648

2019-S3361 (ACTIVE) - Summary

Eliminates the requirement that limited liability companies publish their articles of organization and that certain partnerships publish their registrations; establishes the department of state modernization fund; and repeals certain provisions of the limited liability company law, the partnership law and the arts and cultural affairs law relating thereto.

2019-S3361 (ACTIVE) - Sponsor Memo

2019-S3361 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3361
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             February 6, 2019
                                ___________
 
 Introduced  by  Sens.  KRUEGER,  HOYLMAN,  LIU -- read twice and ordered
   printed, and when printed to be committed to the Committee  on  Corpo-
   rations, Authorities and Commissions
 
 AN  ACT  to  amend the limited liability company law and the partnership
   law, in relation to certain  publication  requirements  and  fees;  to
   amend  the  state finance law, in relation to establishing the depart-
   ment of state modernization  fund;  to  repeal  subdivision  (a-1)  of
   section  102  and section 206 of the limited liability company law and
   subdivision (a-1) of section 121-101 of the partnership law,  relating
   to  affidavits  of  publication;  to repeal subdivision (s) of section
   1101 of the limited liability  company  law  and  subdivision  (f)  of
   section  121-1300  of the partnership law, relating to fees for filing
   certificates of publication; to repeal subdivision b of  section  802,
   paragraph  2 of subdivision (c) of section 1203 and subdivision (d) of
   section 1206 of the limited liability company law and subdivision  (c)
   of section 121-201, subdivision (d) of section 121-902, paragraph (II)
   of  subdivision (a) of section 121-1500 and paragraph (II) of subdivi-
   sion (f) of section 121-1502 of the partnership law,  in  relation  to
   publication  requirements;  to repeal subdivision (e-1) of section 102
   of the limited liability company law and subdivision (a-2) of  section
   121-101  of  the partnership law, relating to certificates of publica-
   tion; and to repeal subdivision 4 of section 23.03  of  the  arts  and
   cultural affairs law, relating to theatrical production company publi-
   cation requirements
 
   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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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