SECONDREGULARSESSION
HOUSECOMMITTEESUBSTITUTEFOR
HOUSEBILLNO.2157
101STGENERALASSEMBLY
4366H.02C DANARADEMANMILLER,ChiefClerk
ANACT
Torepealsections130.029,143.081,347.020,347.179,347.183,347.186,358.460,and
358.470,RSMo,andtoenactinlieuthereoftennewsectionsrelatingtobusiness
entities.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Sections130.029,143.081,347.020,347.179,347.183,347.186,358.460,
2and358.470,RSMo,arerepealedandtennewsectionsenactedinlieuthereof,tobeknownas
3sections130.029,143.081,143.436,347.020,347.044,347.179,347.183,347.186,358.460,
4and358.470,toreadasfollows:
130.029.1.Nothinghereincontainedshallbeconstruedtoprohibitanycorporation
2organizedunderanygeneralorspeciallawofthisstate,oranyotherstateorbyanactofthe
3CongressoftheUnitedStatesoranylabororganization,cooperativeassociationormutual
4associationfrommakinganycontributionsorexpenditures,provided:
5 (1)Thattheboardofdirectorsofanycorporationbyresolutionhasauthorized
6contributionsorexpenditures,orbyresolutionhasauthorizedadesignatedofficertomake
7suchcontributionsorexpenditures;or
8 (2)Thatthemembersofanylabororganization,cooperativeassociationormutual
9associationhaveauthorizedcontributionsorexpendituresbyamajorityvoteofthemembers
10presentatadulycalledmeetingofanysuchlabororganization,cooperativeassociationor
11mutualassociationorbysuchvotehasauthorizedadesignatedofficertomakesuch
12contributionsorexpenditures.
13 2.Noprovisionofthissectionshallbeconstruedtoauthorizecontributionsor
14expendituresotherwiseprohibitedby,ortochangeanynecessarypercentageofvote
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 15otherwiserequiredby,thearticlesofincorporationorassociationorbylawsofsuchlabor
16organization,corporation,cooperativeormutualassociation.
17 3.Authoritytomakecontributionsorexpendituresasauthorizedbythissectionshall
18beadoptedbygeneralorspecificresolution.Thisresolutionshallstatethetotalamountof
19contributionsorexpendituresauthorized,thepurposesofsuchcontributionsorexpenditures
20andthetimeperiodwithinwhichsuchauthorityshallexist.
21 4.(1)Anylimitedliabilitycompanythatisdulyregisteredpursuanttochapter
22347andthathasnotelectedtobeclassifiedasacorporationunderthefederaltaxcode
23andanyScorporationmaymakecontributionstoanycommittee,providedsuchlimited
24liabilitycompanyorScorporationhasbeeninexistenceforatleastoneyearpriorto
25suchcontribution.
26 (2)Forpurposesofthissubsectionandsection23ofarticleVIIIoftheMissouri
27Constitution,theterm"corporation"shallincludeanyCcorporation,providedthatthe
28termshallnotincludeanylimitedliabilitycompanythatisdulyregisteredpursuantto
29chapter347andthathasnotelectedtobeclassifiedasacorporationunderthefederal
30taxcodeandanyScorporation.
143.081.1.Aresidentindividual,residentestate,andresidenttrustshallbealloweda
2creditagainstthetaxotherwiseduepursuanttosections143.005to143.998fortheamountof
3anyincometaximposedforthetaxableyearbyanotherstateoftheUnitedStates(ora
4politicalsubdivisionthereof)ortheDistrictofColumbiaonincomederivedfromsources
5thereinandwhichisalsosubjecttotaxpursuanttosections143.005to143.998.Forpurposes
6ofthissubsection,thephrase"incometaximposed"shallbethatamountoftaxbeforeany
7incometaxcreditallowedbysuchotherstateortheDistrictofColumbiaiftheotherstateor
8theDistrictofColumbiaauthorizesareciprocalbenefitforresidentsofthisstate.
9 2.Thecreditprovidedpursuanttothissectionshallnotexceedanamountwhich
10bearsthesameratiotothetaxotherwiseduepursuanttosections143.005to143.998asthe
11amountofthetaxpayer'sMissouriadjustedgrossincomederivedfromsourcesintheother
12taxingjurisdictionbearstothetaxpayer'sMissouriadjustedgrossincomederivedfromall
13sources.Inapplyingthelimitationoftheprevioussentencetoanestateortrust,Missouri
14taxableincomeshallbesubstitutedforMissouriadjustedgrossincome.Ifthetaxofmore
15thanoneothertaxingjurisdictionisimposedonthesameitemofincome,thecreditshallnot
16exceedthelimitationthatwouldresultifthetaxesofalltheotherjurisdictionsapplicableto
17theitemweredeemedtobeofasinglejurisdiction.
18 3.(1)Forthepurposesofthissection,inthecaseofanScorporation,eachresidentS
19shareholdershallbeconsideredtohavepaidataximposedontheshareholderinanamount
20equaltotheshareholder'sproratashareofanynetincometaxpaidbytheScorporationtoa
21statewhichdoesnotmeasuretheincomeofshareholdersonanScorporationbyreferenceto
HCSHB2157 2 22theincomeoftheScorporationorwhereacompositereturnandcompositepaymentsare
23madeinsuchstateonbehalfoftheSshareholdersbytheScorporation.
24 (2)AresidentSshareholdershallbeeligibleforacreditissuedpursuanttothis
25sectioninanamountequaltotheshareholder'sproratashareofanyincometax
26imposedpursuanttochapter143onincomederivedfromsourcesinanotherstateofthe
27UnitedStates,orapoliticalsubdivisionthereof,ortheDistrictofColumbia,andwhich
28issubjecttotaxpursuanttochapter143butisnotsubjecttotaxinsuchother
29jurisdiction.
30 4.Forpurposesofsubsection3ofthissection,inthecaseofanScorporationthatisa
31bankcharteredbyastate,theOfficeofThriftSupervision,orthecomptrollerofcurrency,
32eachMissouriresidentSshareholderofsuchout-of-statebankshallqualifyforthe
33shareholder'sproratashareofanynettaxpaid,includingabankfranchisetaxbasedonthe
34incomeofthebank,bysuchScorporationwherebankpaymentoftaxesaremadeinsuch
35stateonbehalfoftheSshareholdersbytheSbanktotheextentofthetaxpaid.
143.436.1.Thissectionshallbeknownandmaybecitedasthe"SALTParity
2Act".
3 2.Forthepurposesofthissection,thefollowingtermsshallmean:
4 (1)"Affectedbusinessentity",anypartnershiporScorporationthatelectstobe
5subjecttotaxpursuanttosubsection10ofthissection;
6 (2)"Directmember",amemberthatholdsaninterestdirectlyinanaffected
7businessentity;
8 (3)"Indirectmember",amemberthatitselfholdsaninterest,throughadirect
9orindirectmemberthatisapartnershiporanScorporation,inanaffectedbusiness
10entity;
11 (4)"Member":
12 (a)AshareholderofanScorporation;
13 (b)Apartnerinageneralpartnership,alimitedpartnership,oralimited
14liabilitypartnership;or
15 (c)AmemberofalimitedliabilitycompanythatistreatedasapartnershiporS
16corporationforfederalincometaxpurposes;
17 (5)"Partnership",thesamemeaningasprovidedin26U.S.C.Section7701(a)
18(2).Theterm"partnership"shallincludealimitedliabilitycompanythatistreatedasa
19partnershipforfederalincometaxpurposes;
20 (6)"Scorporation",acorporationorlimitedliabilitycompanythatistreatedas
21anScorporationforfederalincometaxpurposes;
22 (7)"Taxyear",thetaxyearofapartnershiporScorporationforfederalincome
23taxpurposes.
HCSHB2157 3 24 3.(1)Notwithstandinganyprovisionoflawtothecontrary,ataxishereby
25imposedoneachaffectedbusinessentitythatisapartnershipandthatisdoingbusiness
26inthisstate.Suchaffectedbusinessentityshall,nolaterthanninetydaysfollowingthe
27closeofeachtaxyear,payataxinanamountequaltothesumoftheseparatelyand
28nonseparatelycomputeditems,asdescribedin26U.S.C.Section702(a),oftheaffected
29businessentity,totheextentderivedfromorconnectedwithsourceswithinthisstate,as
30determinedpursuanttosection143.455,decreasedbythedeductionallowedunder26
31U.S.C.Section199Acomputedasifsuchdeductionwasallowedtobetakenbythe
32affectedbusinessentityforfederaltaxpurposes,andincreasedordecreasedbyany
33modificationmadepursuanttosection143.471thatrelatestoanitemoftheaffected
34businessentity'sincome,gain,loss,ordeduction,totheextentderivedfromor
35connectedwithsourceswithinthisstate,asdeterminedpursuanttosection143.455,with
36suchsummultipliedbythehighestrateoftaxusedtodetermineaMissouriincometax
37liabilityforanindividualpursuanttosection143.011.Anaffectedentitypayingthetax
38pursuanttothissubsectionshallincludewiththepaymentofsuchtaxeseachreport
39providedtoamemberpursuanttosubsection7ofthissection.
40 (2)Iftheamountcalculatedpursuanttosubdivision(1)ofthissectionresultsin
41anetloss,suchnetlossmaybecarriedforwardtosucceedingtaxyearsforwhichthe
42affectedbusinessentityelectstobesubjecttotaxpursuanttosubsection11ofthis
43sectionuntilfullyused.
44 4.(1)Notwithstandinganyprovisionoflawtothecontrary,ataxishereby
45imposedoneachaffectedbusinessentitythatisanScorporationandthatisdoing
46businessinthisstate.Suchaffectedbusinessentityshall,nolaterthanninetydays
47followingthecloseofeachtaxyear,payataxinanamountequaltothesumofthe
48separatelyandnonseparatelycomputeditems,asdescribedin26U.S.C.Section1366,of
49theaffectedbusinessentity,totheextentderivedfromorconnectedwithsourceswithin
50thisstate,asdeterminedpursuanttosection143.455,decreasedbythededuction
51allowedunder26U.S.C.Section199Acomputedasifsuchdeductionwasallowedtobe
52takenbytheaffectedbusinessentityforfederaltaxpurposes,andincreasedor
53decreasedbyanymodificationmadepursuanttosection143.471thatrelatestoanitem
54oftheaffectedbusinessentity'sincome,gain,loss,ordeduction,totheextentderived
55fromorconnectedwithsourceswithinthisstate,asdeterminedpursuanttosection
56143.455,withsuchsummultipliedbythehighestrateoftaxusedtodeterminea
57Missouriincometaxliabilityforanindividualpursuanttosection143.011.Anaffected
58entitypayingthetaxpursuanttothissubsectionshallincludewiththepaymentofsuch
59taxeseachreportprovidedtoamemberpursuanttosubsection7ofthissection.
HCSHB2157 4 60 (2)Iftheamountcalculatedpursuanttosubdivision(1)ofthissectionresultsin
61anetloss,suchnetlossmaybecarriedforwardtosucceedingtaxyearsforwhichthe
62affectedbusinessentityelectstobesubjecttotaxpursuanttosubsection11ofthis
63sectionuntilfullyused.
64 5.Ifanaffectedbusinessentityisadirectorindirectmemberofanotheraffected
65businessentity,thememberaffectedbusinessentityshall,whencalculatingitsnet
66incomeorlosspursuanttosubsections3or4ofthissection,subtractitsdistributive
67shareofincomeoradditsdistributiveshareoflossfromtheaffectedbusinessentityin
68whichitisadirectorindirectmembertotheextentthattheincomeorlosswasderived
69fromorconnectedwithsourceswithinthisstate,asdeterminedpursuanttosection
70143.455.
71 6.Anonresidentindividualwhoisamembershallnotberequiredtofilean
72incometaxreturnpursuanttothischapterforataxyearif,forsuchtaxyear,theonly
73sourceofincomederivedfromorconnectedwithsourceswithinthestateforsuch
74member,orthememberandthemember'sspouseifajointfederalincometaxreturnis
75orshallbefiled,isfromoneormoreaffectedbusinessentitiesandsuchaffected
76businessentityorentitiesfileandpaythetaxdueunderthissection.
77 7.EachpartnershipandScorporationshallreporttoeachofitsmembers,for
78eachtaxyear,suchmember'sdirectproratashareofthetaximposedpursuanttothis
79sectiononsuchpartnershiporScorporationifitisanaffectedbusinessentityandits
80indirectproratashareofthetaximposedonanyaffectedbusinessentityinwhichsuch
81affectedbusinessentityisadirectorindirectmember.
82 8.(1)Eachmemberthatissubjecttothetaximposedpursuanttosection
83143.011shallbeentitledtoacreditagainstthetaximposedpursuanttosection143.011.
84Suchcreditshallbeinanamountequaltosuchmember'sdirectandindirectprorata
85shareofthetaxpaidpursuanttothissectionbyanyaffectedbusinessentityofwhich
86suchmemberisdirectlyorindirectlyamember.
87 (2)Iftheamountofthecreditauthorizedbythissubsectionexceedssuch
88member'staxliabilityforthetaximposedpursuanttosection143.011,theexcess
89amountshallnotberefundedbutmaybecarriedforwardtoeachsucceedingtaxyear
90untilsuchcreditisfullytaken.
91 9.(1)Eachmemberthatissubjecttothetaximposedpursuanttosection
92143.011asaresidentorpart-yearresidentofthisstateshallbeentitledtoacredit
93againstthetaximposedpursuanttosection143.011forsuchmember'sdirectand
94indirectproratashareoftaxespaidtoanotherstateoftheUnitedStatesortothe
95DistrictofColumbia,onincomeofanypartnershiporScorporationofwhichsuch
96personisamemberthatisderivedtherefrom,providedthetaxespaidtoanotherstateof
HCSHB2157 5 97theUnitedStatesortotheDistrictofColumbiaresultsfromataxthatthedirectorof
98revenuedeterminesissubstantiallysimilartothetaximposedpursuanttothissection.
99Anysuchcreditshallbecalculatedinamannertobeprescribedbythedirectorof
100revenue,providedsuchcalculationisconsistentwiththeprovisionsofthissection,and
101furtherprovidedthatthelimitationsprovidedinsubsection2ofsection143.081shall
102applytothecreditauthorizedbythissubsection.
103 (2)Iftheamountofthecreditauthorizedbythissubsectionexceedssuch
104member'staxliabilityforthetaximposedpursuanttosection143.011,theexcess
105amountshallnotberefundedandshallnotbecarriedforward.
106 10.(1)Eachcorporationthatissubjecttothetaximposedpursuanttosection
107143.071andthatisamembershallbeentitledtoacreditagainstthetaximposed
108pursuanttosection143.071.Suchcreditshallbeinanamountequaltosuch
109corporation'sdirectandindirectproratashareofthetaxpaidpursuanttothissection
110byanyaffectedbusinessentityofwhichsuchcorporationisdirectlyorindirectlya
111member.Suchcreditshallbeappliedafterallothercredits.
112 (2)Iftheamountofthecreditauthorizedbythissubsectionexceedssuch
113corporation'staxliabilityforthetaximposedpursuanttosection143.071,theexcess
114amountshallnotberefundedbutmaybecarriedforwardtoeachsucceedingtaxyear
115untilsuchcreditisfullytaken.
116 11.ApartnershiporanScorporationmayelecttobecomeanaffectedbusiness
117entitythatisrequiredtopaythetaxpursuanttothissectioninanytaxyear.Aseparate
118electionshallbemadeforeachtaxableyear.Suchelectionshallbemadeonsuchform
119andinsuchmannerasthedirectorofrevenuemayprescribebyrule.Anelectionmade
120pursuanttothissubsectionshallbesignedby:
121 (1)Eachmemberoftheelectingentitywhoisamemberatthetimetheelection
122isfiled;or
123 (2)Anyofficer,manager,ormemberoftheelectingentitywhoisauthorizedto
124maketheelectionandwhoatteststohavingsuchauthorizationunderpenaltyof
125perjury.
126 12.Theprovisionsofsections143.425and143.601shallapplytoany
127modificationsmadetoanaffectedbusinessentity'sfederalreturn,andsuchaffected
128businessentityshallpayanyresultingunderpaymentoftaxtotheextentnotalready
129paidpursuanttosection143.425.
130 13.(1)Withrespecttoanactionrequiredorpermittedtobetakenbyan
131affectedbusinessentitypursuanttothissection,aproceedingundersection143.631for
132reconsiderationbythedirectorofrevenue,anappealtotheadministrativehearing
133commission,orareviewbythejudiciarywithrespecttosuchaction,theaffected
HCSHB2157 6 134businessentityshalldesignateanaffectedbusinessentityrepresentativeforthetaxyear,
135andsuchaffectedbusinessentityrepresentativeshallhavethesoleauthoritytoacton
136behalfoftheaffectedbusinessentity,andtheaffectedbusinessentity'smembersshallbe
137boundbythoseactions.
138 (2)Thedepartmentofrevenuemayestablishreasonablequalificationsand
139proceduresfordesignatingapersontobetheaffectedbusinessentityrepresentative.
140 (3)Theaffectedbusinessentityrepresentativeshallbeconsideredanauthorized
141representativeoftheaffectedbusinessentityanditsmembersundersection32.057for
142thepurposesofcompliancewiththissection,orparticipatinginaproceedingdescribed
143insubdivision(1)ofthissubsection.
144 14.Theprovisionsofthissectionshallonlyapplytotaxyearsbeginningonor
145afterJanuary1,2023.
146 15.Thedepartmentofrevenuemaypromulgaterulestoimplementthe
147provisionsofthissection.Anyruleorportionofarule,asthattermisdefinedinsection
148536.010,thatiscreatedundertheauthoritydelegatedinthissectionshallbecome
149effectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,
150ifapplicable,section536.028.Thissectionandchapter536arenonseverableandifany
151ofthepowersvestedwiththegeneralassemblypursuanttochapter536toreview,to
152delaytheeffectivedate,ortodisapproveandannularulearesubsequentlyheld
153unconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor
154adoptedafterAugust28,2022,shallbeinvalidandvoid.
347.020.1.Thenameofeachlimitedliabilitycompanyassetforthinitsarticlesof
2organization:
3 (1)Shallcontainthewords"limitedcompany"or"limitedliabilitycompany"orthe
4abbreviation"LC","LLC","L.C."or"L.L.C."andshallbethenameunderwhichthelimited
5liabilitycompanytransactsbusinessinthisstateunlessthelimitedliabilitycompanyregisters
6anothernameunderwhichittransactsbusinessasprovidedunderchapter417or
7conspicuouslydisclosesitsnameassetforthinitsarticlesoforganization;
8 (2)Maynotcontaintheword"corporation","incorporated","limitedpartnership",
9"limitedliabilitypartnership","limitedliabilitylimitedpartnership",or"Ltd."orany
10abbreviationofoneofsuchwordsoranywordorphrasewhichindicatesorimpliesthatitis
11organizedforanypurposenotstatedinitsarticlesoforganizationorthatitisagovernmental
12agency;and
13 (3)Mustbedistinguishableupontherecordsofthesecretaryfromthenameofany
14corporation,limitedliabilitycompany,limitedpartnership,limitedliabilitypartnership,or
15limitedliabilitylimitedpartnershipwhichislicensed,organized,reserved,orregisteredunder
16thelawsofthisstateasadomesticorforeignentity,unless:
HCSHB2157 7 17 (a)Suchotherholderofareservedorregisterednameconsentstosuchuseinwriting
18andfilesappropriatedocumentationtothesecretarytochangeitsnametoanamethatis
19distinguishableupontherecordsofthesecretaryfromthenameoftheapplyinglimited
20liabilitycompany;or
21 (b)Acertifiedcopyofafinaldecreeofacourtofcompetentjurisdictionestablishing
22thepriorrightoftheapplicanttotheuseofsuchnameinthisstateisfiledwiththesecretary.
23 2.Thenameofalimitedliabilitycompanythathasbeendissolvedorcancelled
24shallnotbeavailableforusebyothersforaperiodofoneyearfromtheeffectivedateof
25thedissolutionorcancellation.
347.044.1.Eachlimitedliabilitycompanyorganizedunderthischapterand
2eachforeignlimitedliabilitycompanyregisteredinthisstateshallfileaninformation
3statementwiththesecretaryofstate.
4 2.Theinformationstatementshallinclude:
5 (1)Thenameofthelimitedliabilitycompanyorforeignlimitedliability
6company;
7 (2)Thecompanycharternumberassignedbythesecretaryofstate;
8 (3)Theaddressoftheprincipalplaceofbusiness;
9 (4)Theaddress,includingstreetandnumber,ifany,oftheregisteredofficeand
10thenameoftheregisteredagentatsuchoffice;and
11 (5)Ifaforeignlimitedliabilitycompany,thestateorotherjurisdictionunder
12whoselawthecompanyisformed.
13 3.Theinformationstatementshallbecurrentasofthedatethestatementisfiled
14withthesecretaryofstate.
15 4.Thelimitedliabilitycompanyorforeignlimitedliabilitycompanyshallfilean
16informationstatementeveryfiveyears,andtheinformationstatementshallbedueon
17thefifteenthdayofthemonthinwhichtheanniversaryofthedatethelimitedliability
18companyorforeignlimitedliabilitycompanyorganizedorregisteredinMissouri
19occurs.Forlimitedliabilitycompaniesandforeignlimitedliabilitycompaniesthat
20organizedorregisteredinanodd-numberedyearbeforeJanuary1,2022,thefirst
21informationstatementshallbeduein2025.Forlimitedliabilitycompaniesandforeign
22limitedliabilitycompaniesthatorganizedorregisteredinaneven-numberedyear
23beforeJanuary1,2023,thefirstinformationstatementshallbeduein2026.
24 5.Theinformationstatementshallbesignedbyanauthorizedperson.
25 6.Iftheinformationstatementdoesnotcontaintheinformationrequiredunder
26thissection,thesecretaryofstateshallpromptlynotifythelimitedliabilitycompanyor
27foreignlimitedliabilitycompanyandreturntheinformationstatementforcompletion.
HCSHB2157 8 28Theentityshallreturnthecompletedinformationstatementtothesecretarywithinsixty
29daysoftheissuanceofthenotice.
30 7.Ninetydaysbeforethestatementisdue,thesecretaryofstateshallsendnotice
31toeachlimitedliabilitycompanyorforeignlimitedliabilitycompanythatthe
32informationstatementisdue.Thenoticeshallbedirectedtothelimitedliability
33company'sregisteredofficeasstatedinthecompany'smostrecentfilingwiththe
34secretaryofstate.
347.179.1.Thesecretaryshallchargeandcollect:
2 (1)Forfilingtheoriginalarticlesoforganization,afeeof[onehundred] ninety-five
3dollars;
4 (2)Forfilingtheoriginalarticlesoforganizationonline,inanelectronicformat
5prescribedbythesecretaryofstate,afeeof[forty-five] twenty-fivedollars;
6 (3)Applicationsforregistrationofforeignlimitedliabilitycompaniesandissuanceof
7acertificateofregistrationtotransactbusinessinthisstate,afeeofonehundreddollars;
8 (4)Amendmentstoandrestatementsofarticlesoflimitedliabilitycompaniesto
9applicationforregistrationofaforeignlimitedliabilitycompanyoranyotherfilingotherwise
10providedfor,afeeoftwentydollarsor,iffiledonlineinanelectronicformatprescribedby
11thesecretary,afeeoftendollars;
12 (5)Articlesofterminationoflimitedliabilitycompaniesorcancellationof
13registrationofforeignlimitedliabilitycompanies,afeeoftwentydollarsor,iffiledonlinein
14anelectronicformatprescribedbythesecretary,afeeoftendollars;
15 (6)Forfilingnoticeofmergerorconsolidation,afeeoftwentydollars;
16 (7)Forfilinganoticeofwindingup,afeeoftwentydollarsor,iffiledonlineinan
17electronicformatprescribedbythesecretary,afeeoftendollars;
18 (8)Forissuingacertificateofgoodstanding,afeeoffivedollars;
19 (9)Foranoticeoftheabandonmentofmergerorconsolidation,afeeoftwenty
20dollars;
21 (10)Forfurnishingacopyofanydocumentorinstrument,afeeoffiftycentsper
22page;
23 (11)Foracceptinganapplicationforreservationofaname,orforfilinganoticeof
24thetransferorcancellationofanynamereservation,afeeoftwentydollars;
25 (12)Forfilingastatementofchangeofaddressofregisteredofficeorregistered
26agent,orboth,afeeoffivedollars;
27 (13)Foranyserviceofnotice,demand,orprocessuponthesecretaryasresident
28agentofalimitedliabilitycompany,afeeoftwentydollars,whichamountmayberecovered
29astaxablecostsbythepartyinstitutingsuchsuit,action,orproceedingcausingsuchservice
30tobemadeifsuchpartyprevailstherein;
HCSHB2157 9 31 (14)Forfilinganamendedcertificateofregistrationafeeoftwentydollarsor,iffiled
32onlineinanelectronicformatprescribedbythesecretary,afeeoftendollars; [and]
33 (15)Forfilingastatementofcorrectionafeeoffivedollars;
34 (16)Forfilinganinformationstatementforadomesticorforeignlimited
35liabilitycompany,afeeoffifteendollarsor,iffilingonlineinanelectronicformat
36prescribedbythesecretary,afeeoffivedollars;
37 (17)Forfilingawithdrawalofanerroneouslyoraccidentallyfilednoticeof
38windinguporarticlesoftermination,afeeofninety-fivedollars;
39 (18)Forafilingrelatingtoalimitedliabilityseries,anadditionalfeeoften
40dollarsforeachserieseffectedor,iffilingonlineinanelectronicformatprescribedby
41thesecretary,afeeoffivedollarsforeachserieseffected;and
42 (19)Forfilinganapplicationforreinstatement,afeeofninety-fivedollarsor,if
43filedonlineinanelectronicformatprescribedbythesecretary,afeeofforty-five
44dollars.
45 2.Feesmandatedinsubdivisions(1)and(2)ofsubsection1ofthissectionandfor
46applicationforreservationofanameinsubdivision(11)ofsubsection1ofthissectionshall
47bewaivedifanorganizerwhoislistedasamemberintheoperatingagreementofthelimited
48liabilitycompanyisamemberoftheMissouriNationalGuardoranyotheractiveduty
49military,residesinthestateofMissouri,andprovidesproofofsuchservicetothesecretaryof
50state.
347.183.Inadditiontotheotherpowersofthesecretaryestablishedinsections
2347.010to347.187,thesecretaryshall,asisreasonablynecessarytoenablethesecretaryto
3administersections347.010to347.187efficientlyandtoperformthesecretary'sduties,have
4thefollowingpowersincluding,butnotlimitedto:
5 (1)Thepowertoexaminethebooksandrecordsofanylimitedliabilitycompanyto
6whichsections347.010to347.187apply,anditshallbethedutyofanymanager,memberor
7agentofsuchlimitedliabilitycompanyhavingpossessionorcontrolofsuchbooksand
8recordstoproducesuchbooksandrecordsforexaminationondemandofthesecretaryor
9[his]thesecretary'sdesignatedemployee;exceptthatnopersonshallbesubjecttoany
10criminalprosecutiononaccountofanymatterorthingwhichmaybedisclosedby
11examinationofanylimitedliabilitycompanybooksandrecords,whichtheymayproduceor
12exhibitforexamination;oronaccountofanyothermatterorthingconcerningwhichthey
13maymakeanyvoluntaryandtruthfulstatementinwritingtothesecretaryor[his]the
14secretary'sdesignatedemployee.Allfactsobtainedintheexaminationofthebooksand
15recordsofanylimitedliabilitycompany,orthroughthevoluntaryswornstatementofany
16manager,member,agentoremployeeofanylimitedliabilitycompany,shallbetreatedas
17confidential,exceptinsofarasofficialdutymayrequirethedisclosureofsame,orwhensuch
HCSHB2157 10 18factsarematerialtoanyissueinanylegalproceedinginwhichthesecretaryor[his]the
19secretary'sdesignatedemployeemaybeapartyorcalledaswitness,and,ifthesecretaryor
20[his]thesecretary'sdesignatedemployeeshall,exceptasprovidedinthissubdivision,
21discloseanyinformationrelativetotheprivateaccounts,affairs,andtransactionsofanysuch
22limitedliabilitycompany,heorsheshallbeguiltyofaclassCmisdemeanor.Ifanymanager,
23memberorregisteredagentinpossessionorcontrolofsuchbooksandrecordsofanysuch
24limitedliabilitycompanyshallrefuseademandofthesecretaryor[his]thesecretary's
25designatedemployee,toexhibitthebooksandrecordsofsuchlimitedliabilitycompanyfor
26examination,suchpersonshallbeguiltyofaclassBmisdemeanor;
27 (2)Thepowertocancelordisapproveanyarticlesoforganizationorotherfiling
28requiredundersections347.010to347.187,ifthelimitedliabilitycompanyfailstocomply
29withtheprovisionsofsections347.010to347.187byfailingtofilerequireddocumentsunder
30sections347.010to347.187,byfailingtomaintainaregisteredagent,byfailingtopaythe
31requiredfilingfees,byusingfraudordeceptionineffectinganyfiling,byfilingarequired
32documentcontainingafalsestatement,orbyviolatinganysectionorsectionsofthecriminal
33lawsofMissouri,thefederalgovernmentoranyotherstateoftheUnitedStates.Thirtydays
34beforesuchcancellationshalltakeeffect,thesecretaryshallnotifythelimitedliability
35companywithwrittennotice,eitherpersonallyorbycertifiedmail,depositedintheUnited
36Statesmailinasealedenvelopeaddressedtosuchlimitedliabilitycompany'slastregistered
37agentinoffice,ortooneofthelimitedliabilitycompany'smembersormanagers.Written
38noticeofthesecretary'sproposedcancellationtothelimitedliabilitycompany,domesticor
39foreign,shallspecifythereasonsforsuchaction.Thelimitedliabilitycompanymayappeal
40thisnoticeofproposedcancellationtothecircuitcourtofthecountyinwhichtheregistered
41officeofsuchlimitedliabilitycompanyisorisproposedtobesituatedbyfilingwiththeclerk
42ofsuchcourtapetitionsettingforthacopyofthearticlesoforganizationorotherrelevant
43documentsandacopyoftheproposedwrittencancellationthereofbythesecretary,such
44petitiontobefiledwithinthirtydaysafternoticeofsuchcancellationshallhavebeengiven,
45andthemattershallbetriedbythecourt,andthecourtshalleithersustaintheactionofthe
46secretaryordirect[him]thesecretarytotakesuchactionasthecourtmaydeemproper.An
47appealfromthecircuitcourtinsuchacaseshallbeallowedasincivilaction.Thelimited
48liabilitycompanymayprovideinformationtothesecretarythatwouldallowthesecretaryto
49withdrawthenoticeofproposedcancellation.Thisinformationmayconsistof,butneednot
50belimitedto,correctedstatementsanddocuments,newfilings,affidavitsandcertifiedcopies
51ofotherfileddocuments;
52 (3)Thepowertorescindcancellationprovidedforinsubdivision(2)ofthissection
53uponcompliancewitheitherofthefollowing:
HCSHB2157 11 54 (a)Theaffectedlimitedliabilitycompanyprovidesthenecessarydocumentsand
55affidavitsindicatingthelimitedliabilitycompanyhascorrectedtheconditionscausingthe
56proposedcancellationorthecancellation;or
57 (b)Thelimitedliabilitycompanyprovidesthecorrectstatementsordocumentation
58thatthelimitedliabilitycompanyisnotinviolationofanysectionofthecriminalcode;[and]
59 (4)Thepowertochargelatefilingfeesforanyfilingfeerequiredundersections
60347.010to347.187andthepowertoimposecivilpenaltiesasprovidedinsection347.053.
61Latefilingfeesshallbeassessedatarateoftendollarsforeachthirty-dayperiodof
62delinquency;
63 (5)(a)Thepowertoadministrativelycancel[an]:
64 a.Articlesoforganizationifthelimitedliabilitycompany'speriodofdurationstated
65inthearticlesoforganizationexpiresorifthelimitedliabilitycompanyfailstotimelyfile
66itsinformationstatement;or
67 b.Theregistrationofaforeignlimitedliabilitycompanyiftheforeignlimited
68liabilitycompanyfailstotimelyfileitsinformationstatement.
69 (b)Notlessthanthirtydaysbeforesuchadministrativecancellationshalltakeeffect,
70thesecretaryshallnotifythedomesticorforeignlimitedliabilitycompanywithwritten
71notice,eitherpersonallyorbymail.Ifmailed,thenoticeshallbedeemeddeliveredfivedays
72afteritisdepositedintheUnitedStatesmailinasealedenvelopeaddressedtosuchlimited
73liabilitycompany'slastregisteredagentandofficeortooneofthelimitedliabilitycompany's
74managersormembers.
75 (c)Ifthelimitedliabilitycompanydoesnottimelyfileanarticlesofamendmentin
76accordancewithsection347.041toextendthedurationofthelimitedliabilitycompany,
77whichmaybeanynumberofyearsorperpetual,ordemonstratetothereasonablesatisfaction
78ofthesecretarythattheperiodofdurationdeterminedbythesecretaryisincorrect,within
79sixtydaysafterserviceofthenoticeisperfectedbypostingwiththeUnitedStatesPostal
80Service,thenthesecretaryshallcancelthearticlesoforganizationbysigningan
81administrativecancellationthatrecitesthegroundsforcancellationanditseffectivedate.
82Thesecretaryshallfiletheoriginaloftheadministrativecancellationandserveacopyonthe
83limitedliabilitycompanyasprovidedinsection347.051.
84 (d)Alimitedliabilitycompanywhosearticlesoforganizationhasbeen
85administrativelycancelledcontinuesitsexistencebutmaynotcarryonanybusiness
86exceptthatnecessarytowindupandliquidateitsbusinessandaffairsundersection347.147
87andnotifyclaimantsundersection347.141.
88 (e)Theadministrativecancellationofanarticlesoforganizationdoesnotterminate
89theauthorityofitsregisteredagent.
HCSHB2157 12 90 (f)Ifalimitedliabilitycompanydoesnottimelyfileaninformationstatementin
91accordancewithsection347.044withinsixtydaysafterserviceofthenoticeisperfected
92bypostingwiththeUnitedStatesPostalServiceorfailstodemonstratetothereasonable
93satisfactionofthesecretarythattheinformationstatementwastimelyfiled,the
94secretaryshallcancelthearticlesoforganizationbysigninganadministrative
95cancellationthatstatesthegroundsforcancellationandtheeffectivedateofthe
96cancellation.Thesecretaryshallfiletheoriginaladministrativecancellationandservea
97copytothelimitedliabilitycompanyasprovidedundersection347.051.
98 (g)Ifaforeignlimitedliabilitycompanydoesnottimelyfileaninformation
99statementinaccordancewithsection347.044withinsixtydaysafterserviceofthenotice
100isperfectedbypostingwiththeUnitedStatesPostalServiceorfailstodemonstrateto
101thereasonablesatisfactionofthesecretarythattheinformationstatementwastimely
102filed,thesecretaryshallcanceltheregistrationoftheforeignlimitedliabilitycompany
103bysigninganadministrativecancellationthatstatesthegroundsforcancellationand
104theeffectivedateofthecancellation.Thesecretaryshallfiletheoriginaladministrative
105cancellationandserveacopytotheforeignlimitedliabilitycompanyasprovidedin
106section347.051.Aforeignlimitedliabilitycompanywhoseregistrationhasbeen
107administrativelycancelledmaycontinueitsexistencebutshallnotconductanybusiness
108inthisstateexcepttowindupandliquidateitsbusinessandaffairsinthisstate;
109 (6)(a)Thepowertorescindanadministrativecancellationandreinstatethearticles
110oforganization.
111 (b)Exceptasotherwiseprovidedintheoperatingagreement,alimitedliability
112companywhosearticlesoforganizationhasbeenadministrativelycancelledunder
113subdivision(5)ofthissectionmayfileanarticlesofamendmentinaccordancewith
114section347.041toextendthedurationofthelimitedliabilitycompany,whichmaybeany
115numberofyearsorperpetual.
116 (c)Alimitedliabilitycompanywhosearticlesoforganizationhasbeen
117administrativelycancelledundersubdivision(2)or(5)ofthissectionmayapplytothe
118secretaryforreinstatement.The[applicant] applicationshall:
119 a.Recitethenameofthelimitedliabilitycompanyandtheeffectivedateofits
120administrativecancellation;
121 b.Statethatthegroundsforcancellationeitherdidnotexistorhavebeeneliminated,
122asapplicable,andbeaccompaniedbydocumentationsatisfactorytothesecretaryevidencing
123thesame;
124 c.Statethatthelimitedliabilitycompany'snamesatisfiestherequirementsofsection
125347.020;
HCSHB2157 13 126 d.Beaccompaniedbyareinstatementfeeintheamount[ofonehundreddollars]
127specifiedinsubdivision(19)ofsubsection1ofsection347.179, orsuchgreateramountas
128requiredbystateregulation,plusanydelinquentfees,penalties,andotherchargesas
129determinedbythesecretarytothenbedue.
130 (d)Ifthesecretarydeterminesthattheapplicationcontainstheinformationandis
131accompaniedbythefeesrequiredinparagraph(c)ofthissubdivisionandthattheinformation
132andfeesarecorrect,thesecretaryshallrescindthecancellationandprepareacertificateof
133reinstatementthatreciteshisorherdeterminationandtheeffectivedateofreinstatement,file
134theoriginalarticlesoforganization,andserveacopyonthelimitedliabilitycompanyas
135providedinsection347.051.
136 (e)Whenthereinstatementiseffective,itshallrelatebacktoandtakeeffectasofthe
137effectivedateoftheadministrativecancellationofthearticlesoforganizationandthelimited
138liabilitycompanymaycontinuecarryingonitsbusinessasiftheadministrativecancellation
139hadneveroccurred.
140 (f)Intheeventthenameofthelimitedliabilitycompanywasreissuedbythe
141secretarytoanotherentitypriortothetimeapplicationforreinstatementwasfiled,thelimited
142liabilitycompanyapplyingforreinstatementmayelecttoreinstateusinganewnamethat
143complieswiththerequirementsofsection347.020andthathasbeenapprovedbyappropriate
144actionofthelimitedliabilitycompanyforchangingthenamethereof.
145 (g)Ifthesecretarydeniesalimitedliabilitycompany'sapplicationforreinstatement
146followingadministrativecancellationofthearticlesoforganization,heorsheshallservethe
147limitedliabilitycompanyasprovidedinsection347.051withawrittennoticethatexplains
148thereasonorreasonsfordenial.
149 (h)Thelimitedliabilitycompanymayappealadenialofreinstatementasprovided
150forinsubdivision(2)ofthissection.
151 [(7)](i)Thissubdivision[(6)ofthissection] shallapplytoanylimitedliability
152companywhosearticlesoforganizationwascancelledbecausesuchlimitedliability
153company'speriodofdurationstatedinthearticlesoforganizationexpiredonorafterAugust
15428,2003;
155 (7)Thepowertorescindanadministrativecancellationandreinstatethe
156registrationofaforeignlimitedliabilitycompany.Thefollowingproceduresapply:
157 (a)Aforeignlimitedliabilitycompanywhoseregistrationwasadministratively
158cancelledundersubdivision(2)or(5)ofthissectionmayapplytothesecretaryfor
159reinstatement.Theapplicationshall:
160 a.Statethenameoftheforeignlimitedliabilitycompanyandthedateofthe
161administrativecancellation;
HCSHB2157 14 162 b.Statethatthegroundsforcancellationeitherdidnotexistorhavebeen
163eliminated,withsupportingdocumentationsatisfactorytothesecretary;
164 c.Statethattheforeignlimitedliabilitycompany'snamesatisfiesthe
165requirementsofsection347.020;and
166 d.Includeareinstatementfeeintheamountspecifiedinsubdivision(19)of
167subsection1ofsection347.179,orahigheramountifrequiredbystateregulation,and
168anydelinquentfees,penalties,orotherchargesasthesecretarydeterminesaredue;
169 (b)Ifthesecretarydeterminesthattheapplicationsatisfiestherequirements
170underparagraph(a)ofthissubdivision,thesecretaryshallrescindthecancellationand
171prepareacertificateofreinstatementthatincludestheeffectivedateofreinstatement
172anddeliveracopytothelimitedliabilitycompanyasprovidedundersection347.051;
173 (c)Ifreinstatementisgranted,theadministrativecancellationshallbe
174retroactivelyvoided,andtheforeignlimitedliabilitycompanymayconductits
175businessasiftheadministrativecancellationneveroccurred;
176 (d)Ifthenameoftheforeignlimitedliabilitycompanywasissuedtoanother
177entitybeforetheapplicationforreinstatementwasfiled,theforeignlimitedliability
178companyapplyingforreinstatementmayelecttoreinstateusinganewnamethat
179complieswiththerequirementsundersection347.020andisapprovedbyappropriate
180actionoftheforeignlimitedliabilitycompanyforchangingitsname;
181 (e)Ifthesecretarydeniesaforeignlimitedliabilitycompany'sapplicationfor
182reinstatement,thesecretaryshallservethelimitedliabilitycompanywithawritten
183noticeasprovidedundersection347.051thatexplainsthereasonfordenial;and
184 (f)Theforeignlimitedliabilitycompanymayappealadenialofreinstatementby
185usingtheprocedureundersubdivision(2)ofthissection;and
186 (8)Thepowertoreinstatealimitedliabilitycompanythaterroneouslyor
187accidentallyfiledanoticeofwindingupornoticeoftermination.Thefollowing
188proceduresapply:
189 (a)Alimitedliabilitycompanywhosearticlesoforganizationwereterminated
190duetoanerroneouslyoraccidentallyfilednoticeofwindingupornoticeoftermination
191mayapplytothesecretaryforreinstatementbyfilingawithdrawalofnoticeofwinding
192uporwithdrawalofnoticeoftermination.Theapplicationshall:
193 a.Statethenameofthelimitedliabilitycompanyandthefilingdateofthe
194erroneousoraccidentalnotice;
195 b.Statethegroundsforerroneouslyoraccidentallyfilingthenotice,with
196supportingdocumentationsatisfactorytothesecretary;
197 c.Statethatthelimitedliabilitycompany'snamesatisfiestherequirements
198undersection347.020;and
HCSHB2157 15 199 d.Includeareinstatementfeeintheamountspecifiedinsubdivision(19)of
200subsection1ofsection347.179,orahigheramountifrequiredbystateregulation,and
201anydelinquentfees,penalties,orotherchargesasthesecretarydeterminesaredue;
202 (b)Ifthesecretarydeterminesthattheapplicationsatisfiestherequirements
203underparagraph(a)ofthissubdivision,thesecretaryshallrescindthenoticeofwinding
204upornoticeofterminationandprepareacertificateofreinstatementthatincludesthe
205effectivedateofreinstatementanddeliveracopytothelimitedliabilitycompanyas
206providedundersection347.051;
207 (c)Ifreinstatementisgranted,theterminationofthearticlesoforganization
208shallberetroactivelyvoided,andthelimitedliabilitycompanymayconductitsbusiness
209asifthenoticeofwindingupornoticeofterminationneveroccurred;
210 (d)Ifthenameofthelimitedliabilitycompanywasissuedtoanotherentity
211beforetheapplicationforreinstatementwasfiled,thelimitedliabilitycompany
212applyingforthereinstatementmayelecttoreinstateusinganewnamethatcomplies
213withtherequirementsundersection347.020andisapprovedbyappropriateactionof
214thelimitedliabilitycompanyforchangingitsname;
215 (e)Ifthesecretaryofstatedeniesalimitedliabilitycompany'sapplicationfor
216reinstatement,thesecretaryshallservethelimitedliabilitycompanywithawritten
217noticeasprovidedundersection347.051thatexplainsthereasonfordenial;and
218 (f)Thelimitedliabilitycompanymayappealadenialofreinstatementbyusing
219theprocedureundersubdivision(2)ofthissection.
347.186.1.Anoperatingagreementmayestablishorprovidefortheestablishment
2ofadesignatedseriesofmembers,managers,orlimitedliabilitycompanyinterestshaving
3separaterights,powers,ordutieswithrespecttospecifiedpropertyorobligationsofthe
4limitedliabilitycompanyorprofitsandlossesassociatedwithspecifiedpropertyor
5obligations.Totheextentprovidedintheoperatingagreement,anysuchseriesmayhavea
6separatebusinesspurposeorinvestmentobjective.
7 2.(1)Notwithstandinganyotherprovisionsoflawtothecontrary,thedebts,
8liabilities,andobligationsincurred,contractedfor,orotherwiseexistingwithrespecttoa
9particularseriesshallbeenforceableagainsttheassetsofsuchseriesonly,andnotagainstthe
10assetsofthelimitedliabilitycompanygenerallyoranyotherseriesthereof.Suchparticular
11seriesshallbedeemedtohavepossession,custody,andcontrolonlyofthebooks,records,
12information,anddocumentationrelatedtosuchseriesandnotofthebooks,records,
13information,anddocumentationrelatedtothelimitedliabilitycompanyasawholeorany
14otherseriesthereofifallofthefollowingapply:
15 (a)Theoperatingagreementcreatesoneormoreseries;
16 (b)Separateanddistinctrecordsaremaintainedfororonbehalfofanysuchseries;
HCSHB2157 16 17 (c)Theassetsassociatedwithanysuchseries,whetherhelddirectlyorindirectly,
18includingthroughanomineeorotherwise,areaccountedforseparatelyfromtheotherassets
19ofthelimitedliabilitycompanyorofanyotherseries;
20 (d)Theoperatingagreementprovidesforthelimitationsonliabilitiesofaseries
21describedinthissubdivision;
22 (e)Noticeofthelimitationonliabilitiesofaseriesdescribedinthissubdivisionis
23includedinthelimitedliabilitycompany'sarticlesoforganization;and
24 (f)Thelimitedliabilitycompanyhasfiledarticlesoforganizationthatseparately
25identifyeachserieswhichistohavelimitedliabilityunderthissection.
26 (2)Withrespecttoaparticularseries,unlessotherwiseprovidedintheoperating
27agreement,noneofthedebts,liabilities,obligations,andexpensesincurred,contractedforor
28otherwiseexistingwithrespecttoalimitedliabilitycompanygenerally,oranyotherseries
29thereof,shallbeenforceableagainsttheassetsofsuchseries,subjecttotheprovisionsof
30subdivision(1)ofthissubsection.
31 (3)Compliancewithparagraphs(e)and(f)ofsubdivision(1)ofthissubsectionshall
32constitutenoticeofsuchlimitationofliabilityofaseries.
33 (4)Aserieswithlimitedliabilityshallbetreatedasaseparateentitytotheextentset
34forthinthearticlesoforganization.Eachserieswithlimitedliabilitymay,initsownname,
35contract,holdtitletoassets,grantsecurityinterests,sueandbesued,andotherwiseconduct
36businessandexercisethepowersofalimitedliabilitycompanyunderthischapter.The
37limitedliabilitycompanyandanyofitsseriesmayelecttoconsolidateitsoperationsasa
38singletaxpayertotheextentpermittedunderapplicablelaw,electtoworkcooperatively,elect
39tocontractjointly,orelecttobetreatedasasinglebusinessforthepurposesofqualification
40orauthorizationtodobusinessinthisoranyotherstate.Suchelectionsshallnotaffectthe
41limitationofliabilitysetforthinthissectionexcepttotheextentthattheserieshave
42specificallyacceptedjointliabilitybycontract.
43 3.Exceptinthecaseofaforeignlimitedliabilitycompanythathasadoptedaname
44thatisnotthenameunderwhichitisregisteredinitsjurisdictionoforganization,aspermitted
45undersections347.153and347.157,thenameoftheserieswithlimitedliabilityisrequiredto
46containtheentirenameofthelimitedliabilitycompanyandbedistinguishablefromthe
47namesoftheotherseriessetforthinthearticlesoforganization.Inthecaseofaforeign
48limitedliabilitycompanythathasadoptedanamethatisnotthenameunderwhichitis
49registeredinitsjurisdictionoforganization,aspermittedundersections347.153and347.157,
50thenameoftheserieswithlimitedliabilitymustcontaintheentirenameunderwhichthe
51foreignlimitedliabilitycompanyhasbeenadmittedtotransactbusinessinthisstate.
HCSHB2157 17 52 4.(1)(a)Uponfilingofarticlesoforganizationsettingforththenameofeachseries
53withlimitedliability,incompliancewithsection347.037oramendmentsundersection
54347.041,theseries'existenceshallbegin.
55 (b)Eachcopyofthearticlesoforganizationstamped"Filed"andmarkedwiththe
56filingdateshallbeconclusiveevidencethatallrequiredconditionshavebeenmetandthatthe
57serieshasbeenorshallbelegallyorganizedandformedunderthissectionandisnoticeforall
58purposesofallotherfactsrequiredtobesetforththerein.
59 (c)Thenameofaserieswithlimitedliabilityunderthissectionmaybechangedby
60filingarticlesofamendmentwiththesecretaryofstatepursuanttosection347.041,
61identifyingtheserieswhosenameisbeingchangedandthenewnameofsuchseries.Ifnot
62thesameasthelimitedliabilitycompany,thenamesofthemembersofamember-managed
63seriesorofthemanagersofamanager-managedseriesmaybechangedbyanamendmentto
64thearticlesoforganizationwiththesecretaryofstate.
65 (d)Aserieswithlimitedliabilityunderthissectionmaybedissolvedbyfilingwith
66thesecretaryofstatearticlesofamendmentpursuanttosection347.041identifyingtheseries
67beingdissolvedorbythedissolutionofthelimitedliabilitycompanyasprovidedinsection
68347.045.Excepttotheextentotherwiseprovidedintheoperatingagreement,aseriesmaybe
69dissolvedanditsaffairswoundupwithoutcausingthedissolutionofthelimitedliability
70company.Thedissolutionofaseriesestablishedinaccordancewithsubsection2ofthis
71sectionshallnotaffectthelimitationonliabilitiesofsuchseriesprovidedbysubsection2of
72thissection.Aseriesisterminatedanditsaffairsshallbewoundupuponthedissolutionof
73thelimitedliabilitycompanyundersection347.045.
74 (e)Articlesoforganization,amendment,orterminationdescribedunderthis
75subdivisionmaybeexecutedbythelimitedliabilitycompanyoranymanager,person,or
76entitydesignatedintheoperatingagreementforthelimitedliabilitycompany.
77 (f)Notwithstandingparagraph(d)ofsubdivision(1)ofthissubsection,the
78maximumnumberofdesignatedseriesthatmaybeeffectedbyanyonefilingshallbe
79limitedtofifty.
80 (2)Ifdifferentfromthelimitedliabilitycompany,thearticlesoforganizationshall
81listthenamesofthemembersforeachseriesiftheseriesismember-managedorthenamesof
82themanagersiftheseriesismanager-managed.
83 (3)Aseriesofalimitedliabilitycompanyshallbedeemedtobeingoodstandingas
84longasthelimitedliabilitycompanyisingoodstanding.
85 (4)Theregisteredagentandregisteredofficeforthelimitedliabilitycompany
86appointedundersection347.033shallserveastheagentandofficeforserviceofprocessfor
87eachseriesinthisstate.
HCSHB2157 18 88 5.(1)Anoperatingagreementmayprovideforclassesorgroupsofmembersor
89managersassociatedwithaserieshavingsuchrelativerights,powers,anddutiesasan
90operatingagreementmayprovideandmaymakeprovisionforthefuturecreationof
91additionalclassesorgroupsofmembersormanagersassociatedwiththeserieshavingsuch
92relativerights,powers,anddutiesasmayfromtimetotimebeestablished,includingrights,
93powers,anddutiesseniorandsubordinatetoordifferentfromexistingclassesandgroupsof
94membersormanagersassociatedwiththeseries.
95 (2)Aseriesmaybemanagedeitherbythememberormembersassociatedwiththe
96seriesorbythemanagerormanagerschosenbythemembersofsuchseries,asprovidedin
97theoperatingagreement.Unlessotherwiseprovidedinanoperatingagreement,the
98managementofaseriesshallbevestedinthemembersassociatedwithsuchseries.
99 (3)Anoperatingagreementmaygranttoallorcertainidentifiedmembersor
100managers,ortoaspecifiedclassorgroupofthemembersormanagersassociatedwitha
101series,therighttovoteseparatelyorwithalloranyclassorgroupofthemembersor
102managersassociatedwiththeseries,onanymatter.Anoperatingagreementmayprovidethat
103anymemberorclassorgroupofmembersassociatedwithaseriesshallhavenovotingrights
104orabilitytootherwiseparticipateinthemanagementorgovernanceofsuchseries,butany
105suchmemberorclassorgroupofmembersareownersoftheseries.
106 (4)Exceptasmodifiedinthissection,theprovisionsofthischapterwhichare
107generallyapplicabletolimitedliabilitycompaniesandtheirmanagers,members,and
108transfereesshallbeapplicabletoeachparticularserieswithrespecttotheoperationofsuch
109series.
110 (5)Exceptasotherwiseprovidedinanoperatingagreement,anyeventspecifiedin
111thischapterorinanoperatingagreementthatcausesamanagertoceasetobeamanagerwith
112respecttoaseriesshallnot,initself,causesuchmanagertoceasetobeamanagerofthe
113limitedliabilitycompanyorwithrespecttoanyotherseriesthereof.
114 (6)Exceptasotherwiseprovidedinanoperatingagreement,anyeventspecifiedin
115thischapterorinanoperatingagreementthatcausesamembertoceasetobeassociatedwith
116aseriesshallnot,initself,causesuchmembertoceasetobeassociatedwithanyotherseries,
117terminatethecontinuedmembershipofamemberinthelimitedliabilitycompany,orcause
118theterminationoftheseries,regardlessofwhethersuchmemberwasthelastremaining
119memberassociatedwithsuchseries.
120 (7)Anoperatingagreementmayimposerestrictions,duties,andobligationson
121membersofthelimitedliabilitycompanyoranyseriesthereofasamatterofinternal
122governance,including,withoutlimitation,thosewithregardto:
123 (a)Choiceoflaw,forumselection,orconsenttopersonaljurisdiction;
124 (b)Capitalcontributions;
HCSHB2157 19 125 (c)Restrictionson,ortermsandconditionsof,thetransferofmembershipinterests;
126 (d)Restrictivecovenants,includingnoncompetition,nonsolicitation,and
127confidentialityprovisions;
128 (e)Fiduciaryduties;and
129 (f)Restrictions,duties,orobligationstoorforthebenefitofthelimitedliability
130company,otherseriesthereof,ortheiraffiliates.
131 6.(1)Ifalimitedliabilitycompanywiththeabilitytoestablishseriesdoesnot
132registertodobusinessinaforeignjurisdictionforitselfanditsseries,aseriesofalimited
133liabilitycompanymayitselfregistertodobusinessasalimitedliabilitycompanyinthe
134foreignjurisdictioninaccordancewiththelawsoftheforeignjurisdiction.
135 (2)Ifaforeignlimitedliabilitycompany,aspermittedinthejurisdictionofits
136organization,hasestablishedaserieshavingseparaterights,powers,ordutiesandhaslimited
137theliabilitiesofsuchseriessothatthedebts,liabilities,andobligationsincurred,contracted
138for,orotherwiseexistingwithrespecttoaparticularseriesareenforceableagainsttheassets
139ofsuchseriesonly,andnotagainsttheassetsofthelimitedliabilitycompanygenerallyorany
140otherseriesthereof,orsothatthedebts,liabilities,obligations,andexpensesincurred,
141contractedfor,orotherwiseexistingwithrespecttothelimitedliabilitycompanygenerallyor
142anyotherseriesthereofarenotenforceableagainsttheassetsofsuchseries,thenthelimited
143liabilitycompany,onbehalfofitselforanyofitsseries,oranyofitsseriesonitsownbehalf
144mayregistertodobusinessinthisstateinaccordancewiththischapter.Thelimitationof
145liabilityshallalsobestatedontheapplicationforregistration.Asrequiredundersection
146347.153,theregistrationapplicationfiledshallidentifyeachseriesbeingregisteredtodo
147businessinthestatebythelimitedliabilitycompany.Unlessotherwiseprovidedinthe
148operatingagreement,thedebts,liabilities,andobligationsincurred,contractedfor,or
149otherwiseexistingwithrespecttoaparticularseriesofsuchaforeignlimitedliability
150companyshallbeenforceableagainsttheassetsofsuchseriesonlyandnotagainsttheassets
151oftheforeignlimitedliabilitycompanygenerallyoranyotherseriesthereof,andnoneofthe
152debts,liabilities,obligations,andexpensesincurred,contractedfor,orotherwiseexistingwith
153respecttosuchaforeignlimitedliabilitycompanygenerallyoranyotherseriesthereofshall
154beenforceableagainsttheassetsofsuchseries.
155 7.Nothinginsections347.039,347.153,or347.186shallbeconstruedtoalter
156existingMissouristatuteorcommonlawprovidinganycauseofactionforfraudulent
157conveyance,includingbutnotlimitedtochapter428,oranyreliefavailableunderexisting
158lawthatpermitsachallengetolimitedliability.
358.460.1.Theexclusiverighttotheuseofanameofaregisteredlimitedliability
2partnershiporforeignregisteredlimitedliabilitypartnershipmaybereservedby:
HCSHB2157 20 3 (1)Anypersonintendingtobecomearegisteredlimitedliabilitypartnershipor
4foreignregisteredlimitedliabilitypartnershipunderthischapterandtoadoptthatname;and
5 (2)Anyregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability
6partnershipwhichproposestochangeitsname.
7 2.Thereservationofaspecifiednameshallbemadebyfilingwiththesecretaryof
8stateanapplication,executedbytheapplicant,specifyingthenametobereservedandthe
9nameandaddressoftheapplicant.Ifthesecretaryofstatefindsthatthenameisavailablefor
10usebyaregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability
11partnership,thesecretaryofstateshallreservethenamefortheexclusiveuseoftheapplicant
12foraperiodofsixtydays.Anamereservationshallnotexceedaperiodofonehundred
13eightydaysfromthedateofthefirstnamereservationapplication.Upontheonehundred
14eighty-firstdaythenameshallceasereservestatusandshallnotbeplacedbackinsuchstatus.
15Therighttotheexclusiveuseofareservednamemaybetransferredtoanyotherpersonby
16filingintheofficeofthesecretaryofstateanoticeofthetransfer,executedbytheapplicant
17forwhomthenamewasreserved,specifyingthenametobetransferredandthenameand
18addressofthetransferee.Thereservationofaspecifiednamemaybecancelledbyfilingwith
19thesecretaryofstateanoticeofcancellation,executedbytheapplicantortransferee,
20specifyingthenamereservationtobecancelledandthenameandaddressoftheapplicantor
21transferee.
22 3.Afeeintheamountof[twenty-five] twentydollarsshallbepaidtothesecretaryof
23stateuponreceiptforfilingofanapplicationforreservationofname,anapplicationfor
24renewalofreservationoranoticeoftransferorcancellationpursuanttothissection.All
25moneysfromthepaymentofthisfeeshallbedepositedintothegeneralrevenuefund.
358.470.1.Eachregisteredlimitedliabilitypartnershipandeachforeignregistered
2limitedliabilitypartnershipshallhaveandmaintaininthestateofMissouri:
3 (1)Aregisteredoffice,whichmay,butneednotbe,aplaceofitsbusinessinthestate
4ofMissouri;and
5 (2)Aregisteredagentforserviceofprocessontheregisteredlimitedliability
6partnershiporforeignregisteredlimitedliabilitypartnership,whichagentmaybeeitheran
7individualresidentofthestateofMissouriwhosebusinessofficeisidenticalwiththe
8registeredlimitedliabilitypartnership'sorforeignregisteredlimitedliabilitypartnership's
9registeredoffice,oradomesticcorporation,oraforeigncorporationauthorizedtodobusiness
10inthestateofMissouri,havingabusinessofficeidenticalwithsuchregisteredofficeorthe
11registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnershipitself.
12 2.Aregisteredagentmaychangetheaddressoftheregisteredofficeoftheregistered
13limitedliabilitypartnershipsorforeignregisteredlimitedliabilitypartnershipsforwhichthe
14agentistheregisteredagenttoanotheraddressinthestateofMissouribypayingafeeinthe
HCSHB2157 21 15amountof[ten]fivedollars[, andafurtherfeeintheamountoftwodollars] foreach
16registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership
17affectedthereby,tothesecretaryofstateandfilingwiththesecretaryofstateacertificate,
18executedbysuchregisteredagent,settingforththenamesofalltheregisteredlimitedliability
19partnershipsorforeignregisteredlimitedliabilitypartnershipsrepresentedbysuchregistered
20agent,andtheaddressatwhichsuchregisteredagenthasmaintainedtheregisteredofficefor
21eachofsuchregisteredlimitedliabilitypartnershipsorforeignregisteredlimitedliability
22partnerships,andfurthercertifyingtothenewaddresstowhichsuchregisteredofficewillbe
23changedonagivenday,andatwhichnewaddresssuchregisteredagentwillthereafter
24maintaintheregisteredofficeforeachoftheregisteredlimitedliabilitypartnershipsor
25foreignregisteredlimitedliabilitypartnershipsrecitedinthecertificate.Uponthefilingof
26suchcertificate,thesecretaryofstateshallfurnishtotheregisteredagentacertifiedcopyof
27thesameunderthesecretaryofstate'shandandsealofoffice,andthereafter,oruntilfurther
28changeofaddress,asauthorizedbylaw,theregisteredofficeinthestateofMissouriofeach
29oftheregisteredlimitedliabilitypartnershipsorforeignregisteredlimitedliability
30partnershipsrecitedinthecertificateshallbelocatedatthenewaddressoftheregistered
31agentthereofasgiveninthecertificate.Intheeventofachangeofnameofanypersonacting
32asaregisteredagentofaregisteredlimitedliabilitypartnershiporforeignregisteredlimited
33liabilitypartnership,suchregisteredagentshallfilewiththesecretaryofstateacertificate,
34executedbysuchregisteredagent,settingforththenewnameofsuchregisteredagent,the
35nameofsuchregisteredagentbeforeitwaschanged,thenamesofalltheregisteredlimited
36liabilitypartnershipsorforeignregisteredlimitedliabilitypartnershipsrepresentedbysuch
37registeredagent,andtheaddressatwhichsuchregisteredagenthasmaintainedtheregistered
38officeforeachofsuchregisteredlimitedliabilitypartnershipsorforeignregisteredlimited
39liabilitypartnerships,andshallpayafeeintheamountof[twenty-five] fivedollars[, anda
40furtherfeeintheamountoftwodollars] foreachregisteredlimitedliabilitypartnershipor
41foreignregisteredlimitedliabilitypartnershipaffectedthereby,tothesecretaryofstate.Upon
42thefilingofsuchcertificate,thesecretaryofstateshallfurnishtotheregisteredagenta
43certifiedcopyofthesameunderthesecretaryofstate'shandandsealofoffice.Filinga
44certificateunderthissectionshallbedeemedtobeanamendmentoftheapplication,renewal
45applicationornoticefiledpursuanttosubsection19ofsection358.440,asthecasemaybe,of
46eachregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership
47affectedthereby,andeachsuchregisteredlimitedliabilitypartnershiporforeignregistered
48limitedliabilitypartnershipshallnotberequiredtotakeanyfurtheractionwithrespect
49theretotoamenditsapplication,renewalapplicationornoticefiled,asthecasemaybe,
50pursuanttosection358.440.Anyregisteredagentfilingacertificateunderthissectionshall
HCSHB2157 22 51promptly,uponsuchfiling,deliveracopyofanysuchcertificatetoeachregisteredlimited
52liabilitypartnershiporforeignregisteredlimitedliabilitypartnershipaffectedthereby.
53 3.Theregisteredagentofoneormoreregisteredlimitedliabilitypartnershipsor
54foreignregisteredlimitedliabilitypartnershipsmayresignandappointasuccessorregistered
55agentbypayingafeeintheamountof[fifty] fivedollars[, andafurtherfeeintheamountof
56twodollars] foreachregisteredlimitedliabilitypartnershiporforeignregisteredlimited
57liabilitypartnershipaffectedthereby,tothesecretaryofstateandfilingacertificatewiththe
58secretaryofstate,statingthatitresignsandthenameandaddressofthesuccessorregistered
59agent.Thereshallbeattachedtosuchcertificateastatementexecutedbyeachaffected
60registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership
61ratifyingandapprovingsuchchangeofregisteredagent.Uponsuchfiling,thesuccessor
62registeredagentshallbecometheregisteredagentofsuchregisteredlimitedliability
63partnershipsorforeignregisteredlimitedliabilitypartnershipsashaveratifiedandapproved
64suchsubstitutionandthesuccessorregisteredagent'saddress,asstatedinsuchcertificate,
65shallbecometheaddressofeachsuchregisteredlimitedliabilitypartnership'sorforeign
66registeredlimitedliabilitypartnership'sregisteredofficeinthestateofMissouri.The
67secretaryofstateshallfurnishtothesuccessorregisteredagentacertifiedcopyofthe
68certificateofresignation.Filingofsuchcertificateofresignationshallbedeemedtobean
69amendmentoftheapplication,renewalapplicationornoticefiledpursuanttosubsection19of
70section358.440,asthecasemaybe,ofeachregisteredlimitedliabilitypartnershiporforeign
71registeredlimitedliabilitypartnershipaffectedthereby,andeachsuchregisteredlimited
72liabilitypartnershiporforeignregisteredlimitedliabilitypartnershipshallnotberequiredto
73takeanyfurtheractionwithrespectthereto,toamenditsapplication,renewalapplicationor
74noticefiledpursuanttosubsection19ofsection358.440,asthecasemaybe,pursuantto
75section358.440.
76 4.Theregisteredagentofaregisteredlimitedliabilitypartnershiporforeign
77registeredlimitedliabilitypartnershipmayresignwithoutappointingasuccessorregistered
78agentbypayingafeeintheamountof[ten]fivedollarstothesecretaryofstateandfilinga
79certificatewiththesecretaryofstatestatingthatitresignsasregisteredagentforthe
80registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership
81identifiedinthecertificate,butsuchresignationshallnotbecomeeffectiveuntilonehundred
82twentydaysafterthecertificateisfiled.Thereshallbeattachedtosuchcertificatean
83affidavitofsuchregisteredagent,ifanindividual,orthepresident,avicepresidentorthe
84secretarythereofifacorporation,thatatleastthirtydayspriortoandonoraboutthedateof
85thefilingofthecertificate,noticesweresentbycertifiedorregisteredmailtotheregistered
86limitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnershipforwhichsuch
87registeredagentisresigningasregisteredagent,attheprincipalofficethereofwithinor
HCSHB2157 23 88outsidethestateofMissouri,ifknowntosuchregisteredagentor,ifnot,tothelastknown
89addressoftheattorneyorotherindividualatwhoserequestsuchregisteredagentwas
90appointedforsuchregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability
91partnership,oftheresignationofsuchregisteredagent.Afterreceiptofthenoticeofthe
92resignationofitsregisteredagent,theregisteredlimitedliabilitypartnershiporforeign
93registeredlimitedliabilitypartnershipforwhichsuchregisteredagentwasactingshallobtain
94anddesignateanewregisteredagent,totaketheplaceoftheregisteredagentsoresigning.If
95suchregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership
96failstoobtainanddesignateanewregisteredagentpriortotheexpirationoftheperiodofone
97hundredtwentydaysafterthefilingbytheregisteredagentofthecertificateofresignation,
98theapplication,renewalapplicationornoticefiledpursuanttosubsection19ofsection
99358.440ofsuchregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability
100partnershipshallbedeemedtobecancelled.
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HCSHB2157 24