Specifies that limited liability companies that own real property in St. Louis County must designate a contact person with the county clerk
Impact
The implementation of HB 2183 will have direct implications for limited liability companies involved in real estate transactions in St. Louis County. By requiring a designated contact person, the bill ensures that local authorities and the public have a point of contact for communications and potential legal matters concerning these companies. This could lead to more structured and effective property management and engagement from LLCs with local regulations.
Summary
House Bill 2183 addresses the governance of limited liability companies (LLCs) that own real property within St. Louis County. The bill mandates that these LLCs must designate a designated contact person to be registered with the county clerk. This requirement aims to improve the transparency and accountability of LLCs operating in the county's property market.
Contention
While there may not be substantial public dissent regarding the bill, the requirement for a designated contact could be seen as an additional administrative burden for some LLCs. Critics might argue that this could overly complicate the operations for smaller companies and could serve as a financial strain in the compliance process. Proponents argue, however, that the bill will foster greater interaction and responsibility within the property management community.
Requires limited liability companies owning real estate in this state to file affidavits with the county or city officials with information regarding the property