senate Bill S1481

2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

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


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 05, 2022 referred to corporations, authorities and commissions
Jan 12, 2021 referred to corporations, authorities and commissions

Co-Sponsors

S1481 (ACTIVE) - Details

See Assembly Version of this Bill:
A2551
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 2019-2020 Legislative Session:
S3361, A7642

S1481 (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.

S1481 (ACTIVE) - Sponsor Memo

S1481 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1481
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 12, 2021
                                ___________
 
 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  1306 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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