| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | SECONDREGULARSESSION | |
| 2 | - | HOUSECOMMITTEESUBSTITUTEFOR | |
| 3 | 2 | HOUSEBILLNO.2157 | |
| 4 | 3 | 101STGENERALASSEMBLY | |
| 5 | - | 4366H.02C DANARADEMANMILLER,ChiefClerk | |
| 4 | + | INTRODUCEDBYREPRESENTATIVEFALKNER. | |
| 5 | + | 4366H.01I DANARADEMANMILLER,ChiefClerk | |
| 6 | 6 | ANACT | |
| 7 | - | ||
| 8 | - | ||
| 9 | - | ||
| 7 | + | Torepealsections347.020,347.179,347.183,347.186,358.460,and358.470,RSMo,andto | |
| 8 | + | enactinlieuthereofsevennewsectionsrelatingtobusinessentitiesregisteredwiththe | |
| 9 | + | state. | |
| 10 | 10 | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: | |
| 11 | - | SectionA.Sections130.029,143.081,347.020,347.179,347.183,347.186,358.460, | |
| 12 | - | 2and358.470,RSMo,arerepealedandtennewsectionsenactedinlieuthereof,tobeknownas | |
| 13 | - | 3sections130.029,143.081,143.436,347.020,347.044,347.179,347.183,347.186,358.460, | |
| 14 | - | 4and358.470,toreadasfollows: | |
| 15 | - | 130.029.1.Nothinghereincontainedshallbeconstruedtoprohibitanycorporation | |
| 16 | - | 2organizedunderanygeneralorspeciallawofthisstate,oranyotherstateorbyanactofthe | |
| 17 | - | 3CongressoftheUnitedStatesoranylabororganization,cooperativeassociationormutual | |
| 18 | - | 4associationfrommakinganycontributionsorexpenditures,provided: | |
| 19 | - | 5 (1)Thattheboardofdirectorsofanycorporationbyresolutionhasauthorized | |
| 20 | - | 6contributionsorexpenditures,orbyresolutionhasauthorizedadesignatedofficertomake | |
| 21 | - | 7suchcontributionsorexpenditures;or | |
| 22 | - | 8 (2)Thatthemembersofanylabororganization,cooperativeassociationormutual | |
| 23 | - | 9associationhaveauthorizedcontributionsorexpendituresbyamajorityvoteofthemembers | |
| 24 | - | 10presentatadulycalledmeetingofanysuchlabororganization,cooperativeassociationor | |
| 25 | - | 11mutualassociationorbysuchvotehasauthorizedadesignatedofficertomakesuch | |
| 26 | - | 12contributionsorexpenditures. | |
| 27 | - | 13 2.Noprovisionofthissectionshallbeconstruedtoauthorizecontributionsor | |
| 28 | - | 14expendituresotherwiseprohibitedby,ortochangeanynecessarypercentageofvote | |
| 29 | - | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis | |
| 30 | - | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 15otherwiserequiredby,thearticlesofincorporationorassociationorbylawsofsuchlabor | |
| 31 | - | 16organization,corporation,cooperativeormutualassociation. | |
| 32 | - | 17 3.Authoritytomakecontributionsorexpendituresasauthorizedbythissectionshall | |
| 33 | - | 18beadoptedbygeneralorspecificresolution.Thisresolutionshallstatethetotalamountof | |
| 34 | - | 19contributionsorexpendituresauthorized,thepurposesofsuchcontributionsorexpenditures | |
| 35 | - | 20andthetimeperiodwithinwhichsuchauthorityshallexist. | |
| 36 | - | 21 4.(1)Anylimitedliabilitycompanythatisdulyregisteredpursuanttochapter | |
| 37 | - | 22347andthathasnotelectedtobeclassifiedasacorporationunderthefederaltaxcode | |
| 38 | - | 23andanyScorporationmaymakecontributionstoanycommittee,providedsuchlimited | |
| 39 | - | 24liabilitycompanyorScorporationhasbeeninexistenceforatleastoneyearpriorto | |
| 40 | - | 25suchcontribution. | |
| 41 | - | 26 (2)Forpurposesofthissubsectionandsection23ofarticleVIIIoftheMissouri | |
| 42 | - | 27Constitution,theterm"corporation"shallincludeanyCcorporation,providedthatthe | |
| 43 | - | 28termshallnotincludeanylimitedliabilitycompanythatisdulyregisteredpursuantto | |
| 44 | - | 29chapter347andthathasnotelectedtobeclassifiedasacorporationunderthefederal | |
| 45 | - | 30taxcodeandanyScorporation. | |
| 46 | - | 143.081.1.Aresidentindividual,residentestate,andresidenttrustshallbealloweda | |
| 47 | - | 2creditagainstthetaxotherwiseduepursuanttosections143.005to143.998fortheamountof | |
| 48 | - | 3anyincometaximposedforthetaxableyearbyanotherstateoftheUnitedStates(ora | |
| 49 | - | 4politicalsubdivisionthereof)ortheDistrictofColumbiaonincomederivedfromsources | |
| 50 | - | 5thereinandwhichisalsosubjecttotaxpursuanttosections143.005to143.998.Forpurposes | |
| 51 | - | 6ofthissubsection,thephrase"incometaximposed"shallbethatamountoftaxbeforeany | |
| 52 | - | 7incometaxcreditallowedbysuchotherstateortheDistrictofColumbiaiftheotherstateor | |
| 53 | - | 8theDistrictofColumbiaauthorizesareciprocalbenefitforresidentsofthisstate. | |
| 54 | - | 9 2.Thecreditprovidedpursuanttothissectionshallnotexceedanamountwhich | |
| 55 | - | 10bearsthesameratiotothetaxotherwiseduepursuanttosections143.005to143.998asthe | |
| 56 | - | 11amountofthetaxpayer'sMissouriadjustedgrossincomederivedfromsourcesintheother | |
| 57 | - | 12taxingjurisdictionbearstothetaxpayer'sMissouriadjustedgrossincomederivedfromall | |
| 58 | - | 13sources.Inapplyingthelimitationoftheprevioussentencetoanestateortrust,Missouri | |
| 59 | - | 14taxableincomeshallbesubstitutedforMissouriadjustedgrossincome.Ifthetaxofmore | |
| 60 | - | 15thanoneothertaxingjurisdictionisimposedonthesameitemofincome,thecreditshallnot | |
| 61 | - | 16exceedthelimitationthatwouldresultifthetaxesofalltheotherjurisdictionsapplicableto | |
| 62 | - | 17theitemweredeemedtobeofasinglejurisdiction. | |
| 63 | - | 18 3.(1)Forthepurposesofthissection,inthecaseofanScorporation,eachresidentS | |
| 64 | - | 19shareholdershallbeconsideredtohavepaidataximposedontheshareholderinanamount | |
| 65 | - | 20equaltotheshareholder'sproratashareofanynetincometaxpaidbytheScorporationtoa | |
| 66 | - | 21statewhichdoesnotmeasuretheincomeofshareholdersonanScorporationbyreferenceto | |
| 67 | - | HCSHB2157 2 22theincomeoftheScorporationorwhereacompositereturnandcompositepaymentsare | |
| 68 | - | 23madeinsuchstateonbehalfoftheSshareholdersbytheScorporation. | |
| 69 | - | 24 (2)AresidentSshareholdershallbeeligibleforacreditissuedpursuanttothis | |
| 70 | - | 25sectioninanamountequaltotheshareholder'sproratashareofanyincometax | |
| 71 | - | 26imposedpursuanttochapter143onincomederivedfromsourcesinanotherstateofthe | |
| 72 | - | 27UnitedStates,orapoliticalsubdivisionthereof,ortheDistrictofColumbia,andwhich | |
| 73 | - | 28issubjecttotaxpursuanttochapter143butisnotsubjecttotaxinsuchother | |
| 74 | - | 29jurisdiction. | |
| 75 | - | 30 4.Forpurposesofsubsection3ofthissection,inthecaseofanScorporationthatisa | |
| 76 | - | 31bankcharteredbyastate,theOfficeofThriftSupervision,orthecomptrollerofcurrency, | |
| 77 | - | 32eachMissouriresidentSshareholderofsuchout-of-statebankshallqualifyforthe | |
| 78 | - | 33shareholder'sproratashareofanynettaxpaid,includingabankfranchisetaxbasedonthe | |
| 79 | - | 34incomeofthebank,bysuchScorporationwherebankpaymentoftaxesaremadeinsuch | |
| 80 | - | 35stateonbehalfoftheSshareholdersbytheSbanktotheextentofthetaxpaid. | |
| 81 | - | 143.436.1.Thissectionshallbeknownandmaybecitedasthe"SALTParity | |
| 82 | - | 2Act". | |
| 83 | - | 3 2.Forthepurposesofthissection,thefollowingtermsshallmean: | |
| 84 | - | 4 (1)"Affectedbusinessentity",anypartnershiporScorporationthatelectstobe | |
| 85 | - | 5subjecttotaxpursuanttosubsection10ofthissection; | |
| 86 | - | 6 (2)"Directmember",amemberthatholdsaninterestdirectlyinanaffected | |
| 87 | - | 7businessentity; | |
| 88 | - | 8 (3)"Indirectmember",amemberthatitselfholdsaninterest,throughadirect | |
| 89 | - | 9orindirectmemberthatisapartnershiporanScorporation,inanaffectedbusiness | |
| 90 | - | 10entity; | |
| 91 | - | 11 (4)"Member": | |
| 92 | - | 12 (a)AshareholderofanScorporation; | |
| 93 | - | 13 (b)Apartnerinageneralpartnership,alimitedpartnership,oralimited | |
| 94 | - | 14liabilitypartnership;or | |
| 95 | - | 15 (c)AmemberofalimitedliabilitycompanythatistreatedasapartnershiporS | |
| 96 | - | 16corporationforfederalincometaxpurposes; | |
| 97 | - | 17 (5)"Partnership",thesamemeaningasprovidedin26U.S.C.Section7701(a) | |
| 98 | - | 18(2).Theterm"partnership"shallincludealimitedliabilitycompanythatistreatedasa | |
| 99 | - | 19partnershipforfederalincometaxpurposes; | |
| 100 | - | 20 (6)"Scorporation",acorporationorlimitedliabilitycompanythatistreatedas | |
| 101 | - | 21anScorporationforfederalincometaxpurposes; | |
| 102 | - | 22 (7)"Taxyear",thetaxyearofapartnershiporScorporationforfederalincome | |
| 103 | - | 23taxpurposes. | |
| 104 | - | HCSHB2157 3 24 3.(1)Notwithstandinganyprovisionoflawtothecontrary,ataxishereby | |
| 105 | - | 25imposedoneachaffectedbusinessentitythatisapartnershipandthatisdoingbusiness | |
| 106 | - | 26inthisstate.Suchaffectedbusinessentityshall,nolaterthanninetydaysfollowingthe | |
| 107 | - | 27closeofeachtaxyear,payataxinanamountequaltothesumoftheseparatelyand | |
| 108 | - | 28nonseparatelycomputeditems,asdescribedin26U.S.C.Section702(a),oftheaffected | |
| 109 | - | 29businessentity,totheextentderivedfromorconnectedwithsourceswithinthisstate,as | |
| 110 | - | 30determinedpursuanttosection143.455,decreasedbythedeductionallowedunder26 | |
| 111 | - | 31U.S.C.Section199Acomputedasifsuchdeductionwasallowedtobetakenbythe | |
| 112 | - | 32affectedbusinessentityforfederaltaxpurposes,andincreasedordecreasedbyany | |
| 113 | - | 33modificationmadepursuanttosection143.471thatrelatestoanitemoftheaffected | |
| 114 | - | 34businessentity'sincome,gain,loss,ordeduction,totheextentderivedfromor | |
| 115 | - | 35connectedwithsourceswithinthisstate,asdeterminedpursuanttosection143.455,with | |
| 116 | - | 36suchsummultipliedbythehighestrateoftaxusedtodetermineaMissouriincometax | |
| 117 | - | 37liabilityforanindividualpursuanttosection143.011.Anaffectedentitypayingthetax | |
| 118 | - | 38pursuanttothissubsectionshallincludewiththepaymentofsuchtaxeseachreport | |
| 119 | - | 39providedtoamemberpursuanttosubsection7ofthissection. | |
| 120 | - | 40 (2)Iftheamountcalculatedpursuanttosubdivision(1)ofthissectionresultsin | |
| 121 | - | 41anetloss,suchnetlossmaybecarriedforwardtosucceedingtaxyearsforwhichthe | |
| 122 | - | 42affectedbusinessentityelectstobesubjecttotaxpursuanttosubsection11ofthis | |
| 123 | - | 43sectionuntilfullyused. | |
| 124 | - | 44 4.(1)Notwithstandinganyprovisionoflawtothecontrary,ataxishereby | |
| 125 | - | 45imposedoneachaffectedbusinessentitythatisanScorporationandthatisdoing | |
| 126 | - | 46businessinthisstate.Suchaffectedbusinessentityshall,nolaterthanninetydays | |
| 127 | - | 47followingthecloseofeachtaxyear,payataxinanamountequaltothesumofthe | |
| 128 | - | 48separatelyandnonseparatelycomputeditems,asdescribedin26U.S.C.Section1366,of | |
| 129 | - | 49theaffectedbusinessentity,totheextentderivedfromorconnectedwithsourceswithin | |
| 130 | - | 50thisstate,asdeterminedpursuanttosection143.455,decreasedbythededuction | |
| 131 | - | 51allowedunder26U.S.C.Section199Acomputedasifsuchdeductionwasallowedtobe | |
| 132 | - | 52takenbytheaffectedbusinessentityforfederaltaxpurposes,andincreasedor | |
| 133 | - | 53decreasedbyanymodificationmadepursuanttosection143.471thatrelatestoanitem | |
| 134 | - | 54oftheaffectedbusinessentity'sincome,gain,loss,ordeduction,totheextentderived | |
| 135 | - | 55fromorconnectedwithsourceswithinthisstate,asdeterminedpursuanttosection | |
| 136 | - | 56143.455,withsuchsummultipliedbythehighestrateoftaxusedtodeterminea | |
| 137 | - | 57Missouriincometaxliabilityforanindividualpursuanttosection143.011.Anaffected | |
| 138 | - | 58entitypayingthetaxpursuanttothissubsectionshallincludewiththepaymentofsuch | |
| 139 | - | 59taxeseachreportprovidedtoamemberpursuanttosubsection7ofthissection. | |
| 140 | - | HCSHB2157 4 60 (2)Iftheamountcalculatedpursuanttosubdivision(1)ofthissectionresultsin | |
| 141 | - | 61anetloss,suchnetlossmaybecarriedforwardtosucceedingtaxyearsforwhichthe | |
| 142 | - | 62affectedbusinessentityelectstobesubjecttotaxpursuanttosubsection11ofthis | |
| 143 | - | 63sectionuntilfullyused. | |
| 144 | - | 64 5.Ifanaffectedbusinessentityisadirectorindirectmemberofanotheraffected | |
| 145 | - | 65businessentity,thememberaffectedbusinessentityshall,whencalculatingitsnet | |
| 146 | - | 66incomeorlosspursuanttosubsections3or4ofthissection,subtractitsdistributive | |
| 147 | - | 67shareofincomeoradditsdistributiveshareoflossfromtheaffectedbusinessentityin | |
| 148 | - | 68whichitisadirectorindirectmembertotheextentthattheincomeorlosswasderived | |
| 149 | - | 69fromorconnectedwithsourceswithinthisstate,asdeterminedpursuanttosection | |
| 150 | - | 70143.455. | |
| 151 | - | 71 6.Anonresidentindividualwhoisamembershallnotberequiredtofilean | |
| 152 | - | 72incometaxreturnpursuanttothischapterforataxyearif,forsuchtaxyear,theonly | |
| 153 | - | 73sourceofincomederivedfromorconnectedwithsourceswithinthestateforsuch | |
| 154 | - | 74member,orthememberandthemember'sspouseifajointfederalincometaxreturnis | |
| 155 | - | 75orshallbefiled,isfromoneormoreaffectedbusinessentitiesandsuchaffected | |
| 156 | - | 76businessentityorentitiesfileandpaythetaxdueunderthissection. | |
| 157 | - | 77 7.EachpartnershipandScorporationshallreporttoeachofitsmembers,for | |
| 158 | - | 78eachtaxyear,suchmember'sdirectproratashareofthetaximposedpursuanttothis | |
| 159 | - | 79sectiononsuchpartnershiporScorporationifitisanaffectedbusinessentityandits | |
| 160 | - | 80indirectproratashareofthetaximposedonanyaffectedbusinessentityinwhichsuch | |
| 161 | - | 81affectedbusinessentityisadirectorindirectmember. | |
| 162 | - | 82 8.(1)Eachmemberthatissubjecttothetaximposedpursuanttosection | |
| 163 | - | 83143.011shallbeentitledtoacreditagainstthetaximposedpursuanttosection143.011. | |
| 164 | - | 84Suchcreditshallbeinanamountequaltosuchmember'sdirectandindirectprorata | |
| 165 | - | 85shareofthetaxpaidpursuanttothissectionbyanyaffectedbusinessentityofwhich | |
| 166 | - | 86suchmemberisdirectlyorindirectlyamember. | |
| 167 | - | 87 (2)Iftheamountofthecreditauthorizedbythissubsectionexceedssuch | |
| 168 | - | 88member'staxliabilityforthetaximposedpursuanttosection143.011,theexcess | |
| 169 | - | 89amountshallnotberefundedbutmaybecarriedforwardtoeachsucceedingtaxyear | |
| 170 | - | 90untilsuchcreditisfullytaken. | |
| 171 | - | 91 9.(1)Eachmemberthatissubjecttothetaximposedpursuanttosection | |
| 172 | - | 92143.011asaresidentorpart-yearresidentofthisstateshallbeentitledtoacredit | |
| 173 | - | 93againstthetaximposedpursuanttosection143.011forsuchmember'sdirectand | |
| 174 | - | 94indirectproratashareoftaxespaidtoanotherstateoftheUnitedStatesortothe | |
| 175 | - | 95DistrictofColumbia,onincomeofanypartnershiporScorporationofwhichsuch | |
| 176 | - | 96personisamemberthatisderivedtherefrom,providedthetaxespaidtoanotherstateof | |
| 177 | - | HCSHB2157 5 97theUnitedStatesortotheDistrictofColumbiaresultsfromataxthatthedirectorof | |
| 178 | - | 98revenuedeterminesissubstantiallysimilartothetaximposedpursuanttothissection. | |
| 179 | - | 99Anysuchcreditshallbecalculatedinamannertobeprescribedbythedirectorof | |
| 180 | - | 100revenue,providedsuchcalculationisconsistentwiththeprovisionsofthissection,and | |
| 181 | - | 101furtherprovidedthatthelimitationsprovidedinsubsection2ofsection143.081shall | |
| 182 | - | 102applytothecreditauthorizedbythissubsection. | |
| 183 | - | 103 (2)Iftheamountofthecreditauthorizedbythissubsectionexceedssuch | |
| 184 | - | 104member'staxliabilityforthetaximposedpursuanttosection143.011,theexcess | |
| 185 | - | 105amountshallnotberefundedandshallnotbecarriedforward. | |
| 186 | - | 106 10.(1)Eachcorporationthatissubjecttothetaximposedpursuanttosection | |
| 187 | - | 107143.071andthatisamembershallbeentitledtoacreditagainstthetaximposed | |
| 188 | - | 108pursuanttosection143.071.Suchcreditshallbeinanamountequaltosuch | |
| 189 | - | 109corporation'sdirectandindirectproratashareofthetaxpaidpursuanttothissection | |
| 190 | - | 110byanyaffectedbusinessentityofwhichsuchcorporationisdirectlyorindirectlya | |
| 191 | - | 111member.Suchcreditshallbeappliedafterallothercredits. | |
| 192 | - | 112 (2)Iftheamountofthecreditauthorizedbythissubsectionexceedssuch | |
| 193 | - | 113corporation'staxliabilityforthetaximposedpursuanttosection143.071,theexcess | |
| 194 | - | 114amountshallnotberefundedbutmaybecarriedforwardtoeachsucceedingtaxyear | |
| 195 | - | 115untilsuchcreditisfullytaken. | |
| 196 | - | 116 11.ApartnershiporanScorporationmayelecttobecomeanaffectedbusiness | |
| 197 | - | 117entitythatisrequiredtopaythetaxpursuanttothissectioninanytaxyear.Aseparate | |
| 198 | - | 118electionshallbemadeforeachtaxableyear.Suchelectionshallbemadeonsuchform | |
| 199 | - | 119andinsuchmannerasthedirectorofrevenuemayprescribebyrule.Anelectionmade | |
| 200 | - | 120pursuanttothissubsectionshallbesignedby: | |
| 201 | - | 121 (1)Eachmemberoftheelectingentitywhoisamemberatthetimetheelection | |
| 202 | - | 122isfiled;or | |
| 203 | - | 123 (2)Anyofficer,manager,ormemberoftheelectingentitywhoisauthorizedto | |
| 204 | - | 124maketheelectionandwhoatteststohavingsuchauthorizationunderpenaltyof | |
| 205 | - | 125perjury. | |
| 206 | - | 126 12.Theprovisionsofsections143.425and143.601shallapplytoany | |
| 207 | - | 127modificationsmadetoanaffectedbusinessentity'sfederalreturn,andsuchaffected | |
| 208 | - | 128businessentityshallpayanyresultingunderpaymentoftaxtotheextentnotalready | |
| 209 | - | 129paidpursuanttosection143.425. | |
| 210 | - | 130 13.(1)Withrespecttoanactionrequiredorpermittedtobetakenbyan | |
| 211 | - | 131affectedbusinessentitypursuanttothissection,aproceedingundersection143.631for | |
| 212 | - | 132reconsiderationbythedirectorofrevenue,anappealtotheadministrativehearing | |
| 213 | - | 133commission,orareviewbythejudiciarywithrespecttosuchaction,theaffected | |
| 214 | - | HCSHB2157 6 134businessentityshalldesignateanaffectedbusinessentityrepresentativeforthetaxyear, | |
| 215 | - | 135andsuchaffectedbusinessentityrepresentativeshallhavethesoleauthoritytoacton | |
| 216 | - | 136behalfoftheaffectedbusinessentity,andtheaffectedbusinessentity'smembersshallbe | |
| 217 | - | 137boundbythoseactions. | |
| 218 | - | 138 (2)Thedepartmentofrevenuemayestablishreasonablequalificationsand | |
| 219 | - | 139proceduresfordesignatingapersontobetheaffectedbusinessentityrepresentative. | |
| 220 | - | 140 (3)Theaffectedbusinessentityrepresentativeshallbeconsideredanauthorized | |
| 221 | - | 141representativeoftheaffectedbusinessentityanditsmembersundersection32.057for | |
| 222 | - | 142thepurposesofcompliancewiththissection,orparticipatinginaproceedingdescribed | |
| 223 | - | 143insubdivision(1)ofthissubsection. | |
| 224 | - | 144 14.Theprovisionsofthissectionshallonlyapplytotaxyearsbeginningonor | |
| 225 | - | 145afterJanuary1,2023. | |
| 226 | - | 146 15.Thedepartmentofrevenuemaypromulgaterulestoimplementthe | |
| 227 | - | 147provisionsofthissection.Anyruleorportionofarule,asthattermisdefinedinsection | |
| 228 | - | 148536.010,thatiscreatedundertheauthoritydelegatedinthissectionshallbecome | |
| 229 | - | 149effectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and, | |
| 230 | - | 150ifapplicable,section536.028.Thissectionandchapter536arenonseverableandifany | |
| 231 | - | 151ofthepowersvestedwiththegeneralassemblypursuanttochapter536toreview,to | |
| 232 | - | 152delaytheeffectivedate,ortodisapproveandannularulearesubsequentlyheld | |
| 233 | - | 153unconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor | |
| 234 | - | 154adoptedafterAugust28,2022,shallbeinvalidandvoid. | |
| 11 | + | SectionA.Sections347.020,347.179,347.183,347.186,358.460,and358.470, | |
| 12 | + | 2RSMo,arerepealedandsevennewsectionsenactedinlieuthereof,tobeknownassections | |
| 13 | + | 3347.020,347.044,347.179,347.183,347.186,358.460,and358.470,toreadasfollows: | |
| 235 | 14 | 347.020.1.Thenameofeachlimitedliabilitycompanyassetforthinitsarticlesof | |
| 236 | 15 | 2organization: | |
| 237 | 16 | 3 (1)Shallcontainthewords"limitedcompany"or"limitedliabilitycompany"orthe | |
| 238 | 17 | 4abbreviation"LC","LLC","L.C."or"L.L.C."andshallbethenameunderwhichthelimited | |
| 239 | 18 | 5liabilitycompanytransactsbusinessinthisstateunlessthelimitedliabilitycompanyregisters | |
| 240 | 19 | 6anothernameunderwhichittransactsbusinessasprovidedunderchapter417or | |
| 241 | 20 | 7conspicuouslydisclosesitsnameassetforthinitsarticlesoforganization; | |
| 242 | 21 | 8 (2)Maynotcontaintheword"corporation","incorporated","limitedpartnership", | |
| 243 | 22 | 9"limitedliabilitypartnership","limitedliabilitylimitedpartnership",or"Ltd."orany | |
| 244 | 23 | 10abbreviationofoneofsuchwordsoranywordorphrasewhichindicatesorimpliesthatitis | |
| 245 | 24 | 11organizedforanypurposenotstatedinitsarticlesoforganizationorthatitisagovernmental | |
| 246 | 25 | 12agency;and | |
| 247 | 26 | 13 (3)Mustbedistinguishableupontherecordsofthesecretaryfromthenameofany | |
| 248 | 27 | 14corporation,limitedliabilitycompany,limitedpartnership,limitedliabilitypartnership,or | |
| 249 | - | 15limitedliabilitylimitedpartnershipwhichislicensed,organized,reserved,orregisteredunder | |
| 28 | + | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis | |
| 29 | + | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 15limitedliabilitylimitedpartnershipwhichislicensed,organized,reserved,orregisteredunder | |
| 250 | 30 | 16thelawsofthisstateasadomesticorforeignentity,unless: | |
| 251 | - | ||
| 31 | + | 17 (a)Suchotherholderofareservedorregisterednameconsentstosuchuseinwriting | |
| 252 | 32 | 18andfilesappropriatedocumentationtothesecretarytochangeitsnametoanamethatis | |
| 253 | 33 | 19distinguishableupontherecordsofthesecretaryfromthenameoftheapplyinglimited | |
| 254 | 34 | 20liabilitycompany;or | |
| 255 | 35 | 21 (b)Acertifiedcopyofafinaldecreeofacourtofcompetentjurisdictionestablishing | |
| 256 | 36 | 22thepriorrightoftheapplicanttotheuseofsuchnameinthisstateisfiledwiththesecretary. | |
| 257 | 37 | 23 2.Thenameofalimitedliabilitycompanythathasbeendissolvedorcancelled | |
| 258 | 38 | 24shallnotbeavailableforusebyothersforaperiodofoneyearfromtheeffectivedateof | |
| 259 | 39 | 25thedissolutionorcancellation. | |
| 260 | 40 | 347.044.1.Eachlimitedliabilitycompanyorganizedunderthischapterand | |
| 261 | 41 | 2eachforeignlimitedliabilitycompanyregisteredinthisstateshallfileaninformation | |
| 262 | 42 | 3statementwiththesecretaryofstate. | |
| 263 | 43 | 4 2.Theinformationstatementshallinclude: | |
| 264 | 44 | 5 (1)Thenameofthelimitedliabilitycompanyorforeignlimitedliability | |
| 265 | 45 | 6company; | |
| 266 | 46 | 7 (2)Thecompanycharternumberassignedbythesecretaryofstate; | |
| 267 | 47 | 8 (3)Theaddressoftheprincipalplaceofbusiness; | |
| 268 | 48 | 9 (4)Theaddress,includingstreetandnumber,ifany,oftheregisteredofficeand | |
| 269 | 49 | 10thenameoftheregisteredagentatsuchoffice;and | |
| 270 | 50 | 11 (5)Ifaforeignlimitedliabilitycompany,thestateorotherjurisdictionunder | |
| 271 | 51 | 12whoselawthecompanyisformed. | |
| 272 | 52 | 13 3.Theinformationstatementshallbecurrentasofthedatethestatementisfiled | |
| 273 | 53 | 14withthesecretaryofstate. | |
| 274 | 54 | 15 4.Thelimitedliabilitycompanyorforeignlimitedliabilitycompanyshallfilean | |
| 275 | 55 | 16informationstatementeveryfiveyears,andtheinformationstatementshallbedueon | |
| 276 | 56 | 17thefifteenthdayofthemonthinwhichtheanniversaryofthedatethelimitedliability | |
| 277 | 57 | 18companyorforeignlimitedliabilitycompanyorganizedorregisteredinMissouri | |
| 278 | 58 | 19occurs.Forlimitedliabilitycompaniesandforeignlimitedliabilitycompaniesthat | |
| 279 | 59 | 20organizedorregisteredinanodd-numberedyearbeforeJanuary1,2022,thefirst | |
| 280 | 60 | 21informationstatementshallbeduein2025.Forlimitedliabilitycompaniesandforeign | |
| 281 | 61 | 22limitedliabilitycompaniesthatorganizedorregisteredinaneven-numberedyear | |
| 282 | 62 | 23beforeJanuary1,2023,thefirstinformationstatementshallbeduein2026. | |
| 283 | 63 | 24 5.Theinformationstatementshallbesignedbyanauthorizedperson. | |
| 284 | 64 | 25 6.Iftheinformationstatementdoesnotcontaintheinformationrequiredunder | |
| 285 | 65 | 26thissection,thesecretaryofstateshallpromptlynotifythelimitedliabilitycompanyor | |
| 286 | - | 27foreignlimitedliabilitycompanyandreturntheinformationstatementforcompletion. | |
| 287 | - | ||
| 66 | + | HB2157 2 27foreignlimitedliabilitycompanyandreturntheinformationstatementforcompletion. | |
| 67 | + | 28Theentityshallreturnthecompletedinformationstatementtothesecretarywithinsixty | |
| 288 | 68 | 29daysoftheissuanceofthenotice. | |
| 289 | 69 | 30 7.Ninetydaysbeforethestatementisdue,thesecretaryofstateshallsendnotice | |
| 290 | 70 | 31toeachlimitedliabilitycompanyorforeignlimitedliabilitycompanythatthe | |
| 291 | 71 | 32informationstatementisdue.Thenoticeshallbedirectedtothelimitedliability | |
| 292 | 72 | 33company'sregisteredofficeasstatedinthecompany'smostrecentfilingwiththe | |
| 293 | 73 | 34secretaryofstate. | |
| 294 | 74 | 347.179.1.Thesecretaryshallchargeandcollect: | |
| 295 | 75 | 2 (1)Forfilingtheoriginalarticlesoforganization,afeeof[onehundred] ninety-five | |
| 296 | 76 | 3dollars; | |
| 297 | 77 | 4 (2)Forfilingtheoriginalarticlesoforganizationonline,inanelectronicformat | |
| 298 | 78 | 5prescribedbythesecretaryofstate,afeeof[forty-five] twenty-fivedollars; | |
| 299 | 79 | 6 (3)Applicationsforregistrationofforeignlimitedliabilitycompaniesandissuanceof | |
| 300 | 80 | 7acertificateofregistrationtotransactbusinessinthisstate,afeeofonehundreddollars; | |
| 301 | 81 | 8 (4)Amendmentstoandrestatementsofarticlesoflimitedliabilitycompaniesto | |
| 302 | 82 | 9applicationforregistrationofaforeignlimitedliabilitycompanyoranyotherfilingotherwise | |
| 303 | 83 | 10providedfor,afeeoftwentydollarsor,iffiledonlineinanelectronicformatprescribedby | |
| 304 | 84 | 11thesecretary,afeeoftendollars; | |
| 305 | 85 | 12 (5)Articlesofterminationoflimitedliabilitycompaniesorcancellationof | |
| 306 | 86 | 13registrationofforeignlimitedliabilitycompanies,afeeoftwentydollarsor,iffiledonlinein | |
| 307 | 87 | 14anelectronicformatprescribedbythesecretary,afeeoftendollars; | |
| 308 | 88 | 15 (6)Forfilingnoticeofmergerorconsolidation,afeeoftwentydollars; | |
| 309 | 89 | 16 (7)Forfilinganoticeofwindingup,afeeoftwentydollarsor,iffiledonlineinan | |
| 310 | 90 | 17electronicformatprescribedbythesecretary,afeeoftendollars; | |
| 311 | 91 | 18 (8)Forissuingacertificateofgoodstanding,afeeoffivedollars; | |
| 312 | 92 | 19 (9)Foranoticeoftheabandonmentofmergerorconsolidation,afeeoftwenty | |
| 313 | 93 | 20dollars; | |
| 314 | 94 | 21 (10)Forfurnishingacopyofanydocumentorinstrument,afeeoffiftycentsper | |
| 315 | 95 | 22page; | |
| 316 | 96 | 23 (11)Foracceptinganapplicationforreservationofaname,orforfilinganoticeof | |
| 317 | 97 | 24thetransferorcancellationofanynamereservation,afeeoftwentydollars; | |
| 318 | 98 | 25 (12)Forfilingastatementofchangeofaddressofregisteredofficeorregistered | |
| 319 | 99 | 26agent,orboth,afeeoffivedollars; | |
| 320 | 100 | 27 (13)Foranyserviceofnotice,demand,orprocessuponthesecretaryasresident | |
| 321 | 101 | 28agentofalimitedliabilitycompany,afeeoftwentydollars,whichamountmayberecovered | |
| 322 | - | 29astaxablecostsbythepartyinstitutingsuchsuit,action,orproceedingcausingsuchservice | |
| 102 | + | HB2157 3 29astaxablecostsbythepartyinstitutingsuchsuit,action,orproceedingcausingsuchservice | |
| 323 | 103 | 30tobemadeifsuchpartyprevailstherein; | |
| 324 | - | ||
| 104 | + | 31 (14)Forfilinganamendedcertificateofregistrationafeeoftwentydollarsor,iffiled | |
| 325 | 105 | 32onlineinanelectronicformatprescribedbythesecretary,afeeoftendollars; [and] | |
| 326 | 106 | 33 (15)Forfilingastatementofcorrectionafeeoffivedollars; | |
| 327 | 107 | 34 (16)Forfilinganinformationstatementforadomesticorforeignlimited | |
| 328 | 108 | 35liabilitycompany,afeeoffifteendollarsor,iffilingonlineinanelectronicformat | |
| 329 | 109 | 36prescribedbythesecretary,afeeoffivedollars; | |
| 330 | 110 | 37 (17)Forfilingawithdrawalofanerroneouslyoraccidentallyfilednoticeof | |
| 331 | 111 | 38windinguporarticlesoftermination,afeeofninety-fivedollars; | |
| 332 | 112 | 39 (18)Forafilingrelatingtoalimitedliabilityseries,anadditionalfeeoften | |
| 333 | 113 | 40dollarsforeachserieseffectedor,iffilingonlineinanelectronicformatprescribedby | |
| 334 | 114 | 41thesecretary,afeeoffivedollarsforeachserieseffected;and | |
| 335 | 115 | 42 (19)Forfilinganapplicationforreinstatement,afeeofninety-fivedollarsor,if | |
| 336 | 116 | 43filedonlineinanelectronicformatprescribedbythesecretary,afeeofforty-five | |
| 337 | 117 | 44dollars. | |
| 338 | 118 | 45 2.Feesmandatedinsubdivisions(1)and(2)ofsubsection1ofthissectionandfor | |
| 339 | 119 | 46applicationforreservationofanameinsubdivision(11)ofsubsection1ofthissectionshall | |
| 340 | 120 | 47bewaivedifanorganizerwhoislistedasamemberintheoperatingagreementofthelimited | |
| 341 | 121 | 48liabilitycompanyisamemberoftheMissouriNationalGuardoranyotheractiveduty | |
| 342 | 122 | 49military,residesinthestateofMissouri,andprovidesproofofsuchservicetothesecretaryof | |
| 343 | 123 | 50state. | |
| 344 | 124 | 347.183.Inadditiontotheotherpowersofthesecretaryestablishedinsections | |
| 345 | 125 | 2347.010to347.187,thesecretaryshall,asisreasonablynecessarytoenablethesecretaryto | |
| 346 | 126 | 3administersections347.010to347.187efficientlyandtoperformthesecretary'sduties,have | |
| 347 | 127 | 4thefollowingpowersincluding,butnotlimitedto: | |
| 348 | 128 | 5 (1)Thepowertoexaminethebooksandrecordsofanylimitedliabilitycompanyto | |
| 349 | 129 | 6whichsections347.010to347.187apply,anditshallbethedutyofanymanager,memberor | |
| 350 | 130 | 7agentofsuchlimitedliabilitycompanyhavingpossessionorcontrolofsuchbooksand | |
| 351 | 131 | 8recordstoproducesuchbooksandrecordsforexaminationondemandofthesecretaryor | |
| 352 | 132 | 9[his]thesecretary'sdesignatedemployee;exceptthatnopersonshallbesubjecttoany | |
| 353 | 133 | 10criminalprosecutiononaccountofanymatterorthingwhichmaybedisclosedby | |
| 354 | 134 | 11examinationofanylimitedliabilitycompanybooksandrecords,whichtheymayproduceor | |
| 355 | 135 | 12exhibitforexamination;oronaccountofanyothermatterorthingconcerningwhichthey | |
| 356 | 136 | 13maymakeanyvoluntaryandtruthfulstatementinwritingtothesecretaryor[his]the | |
| 357 | 137 | 14secretary'sdesignatedemployee.Allfactsobtainedintheexaminationofthebooksand | |
| 358 | 138 | 15recordsofanylimitedliabilitycompany,orthroughthevoluntaryswornstatementofany | |
| 359 | - | 16manager,member,agentoremployeeofanylimitedliabilitycompany,shallbetreatedas | |
| 139 | + | HB2157 4 16manager,member,agentoremployeeofanylimitedliabilitycompany,shallbetreatedas | |
| 360 | 140 | 17confidential,exceptinsofarasofficialdutymayrequirethedisclosureofsame,orwhensuch | |
| 361 | - | ||
| 141 | + | 18factsarematerialtoanyissueinanylegalproceedinginwhichthesecretaryor[his]the | |
| 362 | 142 | 19secretary'sdesignatedemployeemaybeapartyorcalledaswitness,and,ifthesecretaryor | |
| 363 | 143 | 20[his]thesecretary'sdesignatedemployeeshall,exceptasprovidedinthissubdivision, | |
| 364 | 144 | 21discloseanyinformationrelativetotheprivateaccounts,affairs,andtransactionsofanysuch | |
| 365 | 145 | 22limitedliabilitycompany,heorsheshallbeguiltyofaclassCmisdemeanor.Ifanymanager, | |
| 366 | 146 | 23memberorregisteredagentinpossessionorcontrolofsuchbooksandrecordsofanysuch | |
| 367 | 147 | 24limitedliabilitycompanyshallrefuseademandofthesecretaryor[his]thesecretary's | |
| 368 | 148 | 25designatedemployee,toexhibitthebooksandrecordsofsuchlimitedliabilitycompanyfor | |
| 369 | 149 | 26examination,suchpersonshallbeguiltyofaclassBmisdemeanor; | |
| 370 | 150 | 27 (2)Thepowertocancelordisapproveanyarticlesoforganizationorotherfiling | |
| 371 | 151 | 28requiredundersections347.010to347.187,ifthelimitedliabilitycompanyfailstocomply | |
| 372 | 152 | 29withtheprovisionsofsections347.010to347.187byfailingtofilerequireddocumentsunder | |
| 373 | 153 | 30sections347.010to347.187,byfailingtomaintainaregisteredagent,byfailingtopaythe | |
| 374 | 154 | 31requiredfilingfees,byusingfraudordeceptionineffectinganyfiling,byfilingarequired | |
| 375 | 155 | 32documentcontainingafalsestatement,orbyviolatinganysectionorsectionsofthecriminal | |
| 376 | 156 | 33lawsofMissouri,thefederalgovernmentoranyotherstateoftheUnitedStates.Thirtydays | |
| 377 | 157 | 34beforesuchcancellationshalltakeeffect,thesecretaryshallnotifythelimitedliability | |
| 378 | 158 | 35companywithwrittennotice,eitherpersonallyorbycertifiedmail,depositedintheUnited | |
| 379 | 159 | 36Statesmailinasealedenvelopeaddressedtosuchlimitedliabilitycompany'slastregistered | |
| 380 | 160 | 37agentinoffice,ortooneofthelimitedliabilitycompany'smembersormanagers.Written | |
| 381 | 161 | 38noticeofthesecretary'sproposedcancellationtothelimitedliabilitycompany,domesticor | |
| 382 | 162 | 39foreign,shallspecifythereasonsforsuchaction.Thelimitedliabilitycompanymayappeal | |
| 383 | 163 | 40thisnoticeofproposedcancellationtothecircuitcourtofthecountyinwhichtheregistered | |
| 384 | 164 | 41officeofsuchlimitedliabilitycompanyisorisproposedtobesituatedbyfilingwiththeclerk | |
| 385 | 165 | 42ofsuchcourtapetitionsettingforthacopyofthearticlesoforganizationorotherrelevant | |
| 386 | 166 | 43documentsandacopyoftheproposedwrittencancellationthereofbythesecretary,such | |
| 387 | 167 | 44petitiontobefiledwithinthirtydaysafternoticeofsuchcancellationshallhavebeengiven, | |
| 388 | 168 | 45andthemattershallbetriedbythecourt,andthecourtshalleithersustaintheactionofthe | |
| 389 | 169 | 46secretaryordirect[him]thesecretarytotakesuchactionasthecourtmaydeemproper.An | |
| 390 | 170 | 47appealfromthecircuitcourtinsuchacaseshallbeallowedasincivilaction.Thelimited | |
| 391 | 171 | 48liabilitycompanymayprovideinformationtothesecretarythatwouldallowthesecretaryto | |
| 392 | 172 | 49withdrawthenoticeofproposedcancellation.Thisinformationmayconsistof,butneednot | |
| 393 | 173 | 50belimitedto,correctedstatementsanddocuments,newfilings,affidavitsandcertifiedcopies | |
| 394 | 174 | 51ofotherfileddocuments; | |
| 395 | - | 52 (3)Thepowertorescindcancellationprovidedforinsubdivision(2)ofthissection | |
| 175 | + | HB2157 5 52 (3)Thepowertorescindcancellationprovidedforinsubdivision(2)ofthissection | |
| 396 | 176 | 53uponcompliancewitheitherofthefollowing: | |
| 397 | - | ||
| 177 | + | 54 (a)Theaffectedlimitedliabilitycompanyprovidesthenecessarydocumentsand | |
| 398 | 178 | 55affidavitsindicatingthelimitedliabilitycompanyhascorrectedtheconditionscausingthe | |
| 399 | 179 | 56proposedcancellationorthecancellation;or | |
| 400 | 180 | 57 (b)Thelimitedliabilitycompanyprovidesthecorrectstatementsordocumentation | |
| 401 | 181 | 58thatthelimitedliabilitycompanyisnotinviolationofanysectionofthecriminalcode;[and] | |
| 402 | 182 | 59 (4)Thepowertochargelatefilingfeesforanyfilingfeerequiredundersections | |
| 403 | 183 | 60347.010to347.187andthepowertoimposecivilpenaltiesasprovidedinsection347.053. | |
| 404 | 184 | 61Latefilingfeesshallbeassessedatarateoftendollarsforeachthirty-dayperiodof | |
| 405 | 185 | 62delinquency; | |
| 406 | 186 | 63 (5)(a)Thepowertoadministrativelycancel[an]: | |
| 407 | 187 | 64 a.Articlesoforganizationifthelimitedliabilitycompany'speriodofdurationstated | |
| 408 | 188 | 65inthearticlesoforganizationexpiresorifthelimitedliabilitycompanyfailstotimelyfile | |
| 409 | 189 | 66itsinformationstatement;or | |
| 410 | 190 | 67 b.Theregistrationofaforeignlimitedliabilitycompanyiftheforeignlimited | |
| 411 | 191 | 68liabilitycompanyfailstotimelyfileitsinformationstatement. | |
| 412 | 192 | 69 (b)Notlessthanthirtydaysbeforesuchadministrativecancellationshalltakeeffect, | |
| 413 | 193 | 70thesecretaryshallnotifythedomesticorforeignlimitedliabilitycompanywithwritten | |
| 414 | 194 | 71notice,eitherpersonallyorbymail.Ifmailed,thenoticeshallbedeemeddeliveredfivedays | |
| 415 | 195 | 72afteritisdepositedintheUnitedStatesmailinasealedenvelopeaddressedtosuchlimited | |
| 416 | 196 | 73liabilitycompany'slastregisteredagentandofficeortooneofthelimitedliabilitycompany's | |
| 417 | 197 | 74managersormembers. | |
| 418 | 198 | 75 (c)Ifthelimitedliabilitycompanydoesnottimelyfileanarticlesofamendmentin | |
| 419 | 199 | 76accordancewithsection347.041toextendthedurationofthelimitedliabilitycompany, | |
| 420 | 200 | 77whichmaybeanynumberofyearsorperpetual,ordemonstratetothereasonablesatisfaction | |
| 421 | 201 | 78ofthesecretarythattheperiodofdurationdeterminedbythesecretaryisincorrect,within | |
| 422 | 202 | 79sixtydaysafterserviceofthenoticeisperfectedbypostingwiththeUnitedStatesPostal | |
| 423 | 203 | 80Service,thenthesecretaryshallcancelthearticlesoforganizationbysigningan | |
| 424 | 204 | 81administrativecancellationthatrecitesthegroundsforcancellationanditseffectivedate. | |
| 425 | 205 | 82Thesecretaryshallfiletheoriginaloftheadministrativecancellationandserveacopyonthe | |
| 426 | 206 | 83limitedliabilitycompanyasprovidedinsection347.051. | |
| 427 | 207 | 84 (d)Alimitedliabilitycompanywhosearticlesoforganizationhasbeen | |
| 428 | 208 | 85administrativelycancelledcontinuesitsexistencebutmaynotcarryonanybusiness | |
| 429 | 209 | 86exceptthatnecessarytowindupandliquidateitsbusinessandaffairsundersection347.147 | |
| 430 | 210 | 87andnotifyclaimantsundersection347.141. | |
| 431 | - | 88 (e)Theadministrativecancellationofanarticlesoforganizationdoesnotterminate | |
| 211 | + | HB2157 6 88 (e)Theadministrativecancellationofanarticlesoforganizationdoesnotterminate | |
| 432 | 212 | 89theauthorityofitsregisteredagent. | |
| 433 | - | ||
| 213 | + | 90 (f)Ifalimitedliabilitycompanydoesnottimelyfileaninformationstatementin | |
| 434 | 214 | 91accordancewithsection347.044withinsixtydaysafterserviceofthenoticeisperfected | |
| 435 | 215 | 92bypostingwiththeUnitedStatesPostalServiceorfailstodemonstratetothereasonable | |
| 436 | 216 | 93satisfactionofthesecretarythattheinformationstatementwastimelyfiled,the | |
| 437 | 217 | 94secretaryshallcancelthearticlesoforganizationbysigninganadministrative | |
| 438 | 218 | 95cancellationthatstatesthegroundsforcancellationandtheeffectivedateofthe | |
| 439 | 219 | 96cancellation.Thesecretaryshallfiletheoriginaladministrativecancellationandservea | |
| 440 | 220 | 97copytothelimitedliabilitycompanyasprovidedundersection347.051. | |
| 441 | 221 | 98 (g)Ifaforeignlimitedliabilitycompanydoesnottimelyfileaninformation | |
| 442 | 222 | 99statementinaccordancewithsection347.044withinsixtydaysafterserviceofthenotice | |
| 443 | 223 | 100isperfectedbypostingwiththeUnitedStatesPostalServiceorfailstodemonstrateto | |
| 444 | 224 | 101thereasonablesatisfactionofthesecretarythattheinformationstatementwastimely | |
| 445 | 225 | 102filed,thesecretaryshallcanceltheregistrationoftheforeignlimitedliabilitycompany | |
| 446 | 226 | 103bysigninganadministrativecancellationthatstatesthegroundsforcancellationand | |
| 447 | 227 | 104theeffectivedateofthecancellation.Thesecretaryshallfiletheoriginaladministrative | |
| 448 | 228 | 105cancellationandserveacopytotheforeignlimitedliabilitycompanyasprovidedin | |
| 449 | 229 | 106section347.051.Aforeignlimitedliabilitycompanywhoseregistrationhasbeen | |
| 450 | 230 | 107administrativelycancelledmaycontinueitsexistencebutshallnotconductanybusiness | |
| 451 | 231 | 108inthisstateexcepttowindupandliquidateitsbusinessandaffairsinthisstate; | |
| 452 | 232 | 109 (6)(a)Thepowertorescindanadministrativecancellationandreinstatethearticles | |
| 453 | 233 | 110oforganization. | |
| 454 | 234 | 111 (b)Exceptasotherwiseprovidedintheoperatingagreement,alimitedliability | |
| 455 | 235 | 112companywhosearticlesoforganizationhasbeenadministrativelycancelledunder | |
| 456 | 236 | 113subdivision(5)ofthissectionmayfileanarticlesofamendmentinaccordancewith | |
| 457 | 237 | 114section347.041toextendthedurationofthelimitedliabilitycompany,whichmaybeany | |
| 458 | 238 | 115numberofyearsorperpetual. | |
| 459 | 239 | 116 (c)Alimitedliabilitycompanywhosearticlesoforganizationhasbeen | |
| 460 | 240 | 117administrativelycancelledundersubdivision(2)or(5)ofthissectionmayapplytothe | |
| 461 | 241 | 118secretaryforreinstatement.The[applicant] applicationshall: | |
| 462 | 242 | 119 a.Recitethenameofthelimitedliabilitycompanyandtheeffectivedateofits | |
| 463 | 243 | 120administrativecancellation; | |
| 464 | 244 | 121 b.Statethatthegroundsforcancellationeitherdidnotexistorhavebeeneliminated, | |
| 465 | 245 | 122asapplicable,andbeaccompaniedbydocumentationsatisfactorytothesecretaryevidencing | |
| 466 | 246 | 123thesame; | |
| 467 | - | 124 c.Statethatthelimitedliabilitycompany'snamesatisfiestherequirementsofsection | |
| 247 | + | HB2157 7 124 c.Statethatthelimitedliabilitycompany'snamesatisfiestherequirementsofsection | |
| 468 | 248 | 125347.020; | |
| 469 | - | ||
| 249 | + | 126 d.Beaccompaniedbyareinstatementfeeintheamount[ofonehundreddollars] | |
| 470 | 250 | 127specifiedinsubdivision(19)ofsubsection1ofsection347.179, orsuchgreateramountas | |
| 471 | 251 | 128requiredbystateregulation,plusanydelinquentfees,penalties,andotherchargesas | |
| 472 | 252 | 129determinedbythesecretarytothenbedue. | |
| 473 | 253 | 130 (d)Ifthesecretarydeterminesthattheapplicationcontainstheinformationandis | |
| 474 | 254 | 131accompaniedbythefeesrequiredinparagraph(c)ofthissubdivisionandthattheinformation | |
| 475 | 255 | 132andfeesarecorrect,thesecretaryshallrescindthecancellationandprepareacertificateof | |
| 476 | 256 | 133reinstatementthatreciteshisorherdeterminationandtheeffectivedateofreinstatement,file | |
| 477 | 257 | 134theoriginalarticlesoforganization,andserveacopyonthelimitedliabilitycompanyas | |
| 478 | 258 | 135providedinsection347.051. | |
| 479 | 259 | 136 (e)Whenthereinstatementiseffective,itshallrelatebacktoandtakeeffectasofthe | |
| 480 | 260 | 137effectivedateoftheadministrativecancellationofthearticlesoforganizationandthelimited | |
| 481 | 261 | 138liabilitycompanymaycontinuecarryingonitsbusinessasiftheadministrativecancellation | |
| 482 | 262 | 139hadneveroccurred. | |
| 483 | 263 | 140 (f)Intheeventthenameofthelimitedliabilitycompanywasreissuedbythe | |
| 484 | 264 | 141secretarytoanotherentitypriortothetimeapplicationforreinstatementwasfiled,thelimited | |
| 485 | 265 | 142liabilitycompanyapplyingforreinstatementmayelecttoreinstateusinganewnamethat | |
| 486 | 266 | 143complieswiththerequirementsofsection347.020andthathasbeenapprovedbyappropriate | |
| 487 | 267 | 144actionofthelimitedliabilitycompanyforchangingthenamethereof. | |
| 488 | 268 | 145 (g)Ifthesecretarydeniesalimitedliabilitycompany'sapplicationforreinstatement | |
| 489 | 269 | 146followingadministrativecancellationofthearticlesoforganization,heorsheshallservethe | |
| 490 | 270 | 147limitedliabilitycompanyasprovidedinsection347.051withawrittennoticethatexplains | |
| 491 | 271 | 148thereasonorreasonsfordenial. | |
| 492 | 272 | 149 (h)Thelimitedliabilitycompanymayappealadenialofreinstatementasprovided | |
| 493 | 273 | 150forinsubdivision(2)ofthissection. | |
| 494 | 274 | 151 [(7)](i)Thissubdivision[(6)ofthissection] shallapplytoanylimitedliability | |
| 495 | 275 | 152companywhosearticlesoforganizationwascancelledbecausesuchlimitedliability | |
| 496 | 276 | 153company'speriodofdurationstatedinthearticlesoforganizationexpiredonorafterAugust | |
| 497 | 277 | 15428,2003; | |
| 498 | 278 | 155 (7)Thepowertorescindanadministrativecancellationandreinstatethe | |
| 499 | 279 | 156registrationofaforeignlimitedliabilitycompany.Thefollowingproceduresapply: | |
| 500 | 280 | 157 (a)Aforeignlimitedliabilitycompanywhoseregistrationwasadministratively | |
| 501 | 281 | 158cancelledundersubdivision(2)or(5)ofthissectionmayapplytothesecretaryfor | |
| 502 | 282 | 159reinstatement.Theapplicationshall: | |
| 503 | - | 160 a.Statethenameoftheforeignlimitedliabilitycompanyandthedateofthe | |
| 283 | + | HB2157 8 160 a.Statethenameoftheforeignlimitedliabilitycompanyandthedateofthe | |
| 504 | 284 | 161administrativecancellation; | |
| 505 | - | ||
| 285 | + | 162 b.Statethatthegroundsforcancellationeitherdidnotexistorhavebeen | |
| 506 | 286 | 163eliminated,withsupportingdocumentationsatisfactorytothesecretary; | |
| 507 | 287 | 164 c.Statethattheforeignlimitedliabilitycompany'snamesatisfiesthe | |
| 508 | 288 | 165requirementsofsection347.020;and | |
| 509 | 289 | 166 d.Includeareinstatementfeeintheamountspecifiedinsubdivision(19)of | |
| 510 | 290 | 167subsection1ofsection347.179,orahigheramountifrequiredbystateregulation,and | |
| 511 | 291 | 168anydelinquentfees,penalties,orotherchargesasthesecretarydeterminesaredue; | |
| 512 | 292 | 169 (b)Ifthesecretarydeterminesthattheapplicationsatisfiestherequirements | |
| 513 | 293 | 170underparagraph(a)ofthissubdivision,thesecretaryshallrescindthecancellationand | |
| 514 | 294 | 171prepareacertificateofreinstatementthatincludestheeffectivedateofreinstatement | |
| 515 | 295 | 172anddeliveracopytothelimitedliabilitycompanyasprovidedundersection347.051; | |
| 516 | 296 | 173 (c)Ifreinstatementisgranted,theadministrativecancellationshallbe | |
| 517 | 297 | 174retroactivelyvoided,andtheforeignlimitedliabilitycompanymayconductits | |
| 518 | 298 | 175businessasiftheadministrativecancellationneveroccurred; | |
| 519 | 299 | 176 (d)Ifthenameoftheforeignlimitedliabilitycompanywasissuedtoanother | |
| 520 | 300 | 177entitybeforetheapplicationforreinstatementwasfiled,theforeignlimitedliability | |
| 521 | 301 | 178companyapplyingforreinstatementmayelecttoreinstateusinganewnamethat | |
| 522 | 302 | 179complieswiththerequirementsundersection347.020andisapprovedbyappropriate | |
| 523 | 303 | 180actionoftheforeignlimitedliabilitycompanyforchangingitsname; | |
| 524 | 304 | 181 (e)Ifthesecretarydeniesaforeignlimitedliabilitycompany'sapplicationfor | |
| 525 | 305 | 182reinstatement,thesecretaryshallservethelimitedliabilitycompanywithawritten | |
| 526 | 306 | 183noticeasprovidedundersection347.051thatexplainsthereasonfordenial;and | |
| 527 | 307 | 184 (f)Theforeignlimitedliabilitycompanymayappealadenialofreinstatementby | |
| 528 | 308 | 185usingtheprocedureundersubdivision(2)ofthissection;and | |
| 529 | 309 | 186 (8)Thepowertoreinstatealimitedliabilitycompanythaterroneouslyor | |
| 530 | 310 | 187accidentallyfiledanoticeofwindingupornoticeoftermination.Thefollowing | |
| 531 | 311 | 188proceduresapply: | |
| 532 | 312 | 189 (a)Alimitedliabilitycompanywhosearticlesoforganizationwereterminated | |
| 533 | 313 | 190duetoanerroneouslyoraccidentallyfilednoticeofwindingupornoticeoftermination | |
| 534 | 314 | 191mayapplytothesecretaryforreinstatementbyfilingawithdrawalofnoticeofwinding | |
| 535 | 315 | 192uporwithdrawalofnoticeoftermination.Theapplicationshall: | |
| 536 | 316 | 193 a.Statethenameofthelimitedliabilitycompanyandthefilingdateofthe | |
| 537 | 317 | 194erroneousoraccidentalnotice; | |
| 538 | 318 | 195 b.Statethegroundsforerroneouslyoraccidentallyfilingthenotice,with | |
| 539 | 319 | 196supportingdocumentationsatisfactorytothesecretary; | |
| 540 | - | 197 c.Statethatthelimitedliabilitycompany'snamesatisfiestherequirements | |
| 320 | + | HB2157 9 197 c.Statethatthelimitedliabilitycompany'snamesatisfiestherequirements | |
| 541 | 321 | 198undersection347.020;and | |
| 542 | - | ||
| 322 | + | 199 d.Includeareinstatementfeeintheamountspecifiedinsubdivision(19)of | |
| 543 | 323 | 200subsection1ofsection347.179,orahigheramountifrequiredbystateregulation,and | |
| 544 | 324 | 201anydelinquentfees,penalties,orotherchargesasthesecretarydeterminesaredue; | |
| 545 | 325 | 202 (b)Ifthesecretarydeterminesthattheapplicationsatisfiestherequirements | |
| 546 | 326 | 203underparagraph(a)ofthissubdivision,thesecretaryshallrescindthenoticeofwinding | |
| 547 | 327 | 204upornoticeofterminationandprepareacertificateofreinstatementthatincludesthe | |
| 548 | 328 | 205effectivedateofreinstatementanddeliveracopytothelimitedliabilitycompanyas | |
| 549 | 329 | 206providedundersection347.051; | |
| 550 | 330 | 207 (c)Ifreinstatementisgranted,theterminationofthearticlesoforganization | |
| 551 | 331 | 208shallberetroactivelyvoided,andthelimitedliabilitycompanymayconductitsbusiness | |
| 552 | 332 | 209asifthenoticeofwindingupornoticeofterminationneveroccurred; | |
| 553 | 333 | 210 (d)Ifthenameofthelimitedliabilitycompanywasissuedtoanotherentity | |
| 554 | 334 | 211beforetheapplicationforreinstatementwasfiled,thelimitedliabilitycompany | |
| 555 | 335 | 212applyingforthereinstatementmayelecttoreinstateusinganewnamethatcomplies | |
| 556 | 336 | 213withtherequirementsundersection347.020andisapprovedbyappropriateactionof | |
| 557 | 337 | 214thelimitedliabilitycompanyforchangingitsname; | |
| 558 | 338 | 215 (e)Ifthesecretaryofstatedeniesalimitedliabilitycompany'sapplicationfor | |
| 559 | 339 | 216reinstatement,thesecretaryshallservethelimitedliabilitycompanywithawritten | |
| 560 | 340 | 217noticeasprovidedundersection347.051thatexplainsthereasonfordenial;and | |
| 561 | 341 | 218 (f)Thelimitedliabilitycompanymayappealadenialofreinstatementbyusing | |
| 562 | 342 | 219theprocedureundersubdivision(2)ofthissection. | |
| 563 | 343 | 347.186.1.Anoperatingagreementmayestablishorprovidefortheestablishment | |
| 564 | 344 | 2ofadesignatedseriesofmembers,managers,orlimitedliabilitycompanyinterestshaving | |
| 565 | 345 | 3separaterights,powers,ordutieswithrespecttospecifiedpropertyorobligationsofthe | |
| 566 | 346 | 4limitedliabilitycompanyorprofitsandlossesassociatedwithspecifiedpropertyor | |
| 567 | 347 | 5obligations.Totheextentprovidedintheoperatingagreement,anysuchseriesmayhavea | |
| 568 | 348 | 6separatebusinesspurposeorinvestmentobjective. | |
| 569 | 349 | 7 2.(1)Notwithstandinganyotherprovisionsoflawtothecontrary,thedebts, | |
| 570 | 350 | 8liabilities,andobligationsincurred,contractedfor,orotherwiseexistingwithrespecttoa | |
| 571 | 351 | 9particularseriesshallbeenforceableagainsttheassetsofsuchseriesonly,andnotagainstthe | |
| 572 | 352 | 10assetsofthelimitedliabilitycompanygenerallyoranyotherseriesthereof.Suchparticular | |
| 573 | 353 | 11seriesshallbedeemedtohavepossession,custody,andcontrolonlyofthebooks,records, | |
| 574 | 354 | 12information,anddocumentationrelatedtosuchseriesandnotofthebooks,records, | |
| 575 | 355 | 13information,anddocumentationrelatedtothelimitedliabilitycompanyasawholeorany | |
| 576 | 356 | 14otherseriesthereofifallofthefollowingapply: | |
| 577 | - | 15 (a)Theoperatingagreementcreatesoneormoreseries; | |
| 357 | + | HB2157 10 15 (a)Theoperatingagreementcreatesoneormoreseries; | |
| 578 | 358 | 16 (b)Separateanddistinctrecordsaremaintainedfororonbehalfofanysuchseries; | |
| 579 | - | ||
| 359 | + | 17 (c)Theassetsassociatedwithanysuchseries,whetherhelddirectlyorindirectly, | |
| 580 | 360 | 18includingthroughanomineeorotherwise,areaccountedforseparatelyfromtheotherassets | |
| 581 | 361 | 19ofthelimitedliabilitycompanyorofanyotherseries; | |
| 582 | 362 | 20 (d)Theoperatingagreementprovidesforthelimitationsonliabilitiesofaseries | |
| 583 | 363 | 21describedinthissubdivision; | |
| 584 | 364 | 22 (e)Noticeofthelimitationonliabilitiesofaseriesdescribedinthissubdivisionis | |
| 585 | 365 | 23includedinthelimitedliabilitycompany'sarticlesoforganization;and | |
| 586 | 366 | 24 (f)Thelimitedliabilitycompanyhasfiledarticlesoforganizationthatseparately | |
| 587 | 367 | 25identifyeachserieswhichistohavelimitedliabilityunderthissection. | |
| 588 | 368 | 26 (2)Withrespecttoaparticularseries,unlessotherwiseprovidedintheoperating | |
| 589 | 369 | 27agreement,noneofthedebts,liabilities,obligations,andexpensesincurred,contractedforor | |
| 590 | 370 | 28otherwiseexistingwithrespecttoalimitedliabilitycompanygenerally,oranyotherseries | |
| 591 | 371 | 29thereof,shallbeenforceableagainsttheassetsofsuchseries,subjecttotheprovisionsof | |
| 592 | 372 | 30subdivision(1)ofthissubsection. | |
| 593 | 373 | 31 (3)Compliancewithparagraphs(e)and(f)ofsubdivision(1)ofthissubsectionshall | |
| 594 | 374 | 32constitutenoticeofsuchlimitationofliabilityofaseries. | |
| 595 | 375 | 33 (4)Aserieswithlimitedliabilityshallbetreatedasaseparateentitytotheextentset | |
| 596 | 376 | 34forthinthearticlesoforganization.Eachserieswithlimitedliabilitymay,initsownname, | |
| 597 | 377 | 35contract,holdtitletoassets,grantsecurityinterests,sueandbesued,andotherwiseconduct | |
| 598 | 378 | 36businessandexercisethepowersofalimitedliabilitycompanyunderthischapter.The | |
| 599 | 379 | 37limitedliabilitycompanyandanyofitsseriesmayelecttoconsolidateitsoperationsasa | |
| 600 | 380 | 38singletaxpayertotheextentpermittedunderapplicablelaw,electtoworkcooperatively,elect | |
| 601 | 381 | 39tocontractjointly,orelecttobetreatedasasinglebusinessforthepurposesofqualification | |
| 602 | 382 | 40orauthorizationtodobusinessinthisoranyotherstate.Suchelectionsshallnotaffectthe | |
| 603 | 383 | 41limitationofliabilitysetforthinthissectionexcepttotheextentthattheserieshave | |
| 604 | 384 | 42specificallyacceptedjointliabilitybycontract. | |
| 605 | 385 | 43 3.Exceptinthecaseofaforeignlimitedliabilitycompanythathasadoptedaname | |
| 606 | 386 | 44thatisnotthenameunderwhichitisregisteredinitsjurisdictionoforganization,aspermitted | |
| 607 | 387 | 45undersections347.153and347.157,thenameoftheserieswithlimitedliabilityisrequiredto | |
| 608 | 388 | 46containtheentirenameofthelimitedliabilitycompanyandbedistinguishablefromthe | |
| 609 | 389 | 47namesoftheotherseriessetforthinthearticlesoforganization.Inthecaseofaforeign | |
| 610 | 390 | 48limitedliabilitycompanythathasadoptedanamethatisnotthenameunderwhichitis | |
| 611 | 391 | 49registeredinitsjurisdictionoforganization,aspermittedundersections347.153and347.157, | |
| 612 | 392 | 50thenameoftheserieswithlimitedliabilitymustcontaintheentirenameunderwhichthe | |
| 613 | 393 | 51foreignlimitedliabilitycompanyhasbeenadmittedtotransactbusinessinthisstate. | |
| 614 | - | ||
| 394 | + | HB2157 11 52 4.(1)(a)Uponfilingofarticlesoforganizationsettingforththenameofeachseries | |
| 615 | 395 | 53withlimitedliability,incompliancewithsection347.037oramendmentsundersection | |
| 616 | 396 | 54347.041,theseries'existenceshallbegin. | |
| 617 | 397 | 55 (b)Eachcopyofthearticlesoforganizationstamped"Filed"andmarkedwiththe | |
| 618 | 398 | 56filingdateshallbeconclusiveevidencethatallrequiredconditionshavebeenmetandthatthe | |
| 619 | 399 | 57serieshasbeenorshallbelegallyorganizedandformedunderthissectionandisnoticeforall | |
| 620 | 400 | 58purposesofallotherfactsrequiredtobesetforththerein. | |
| 621 | 401 | 59 (c)Thenameofaserieswithlimitedliabilityunderthissectionmaybechangedby | |
| 622 | 402 | 60filingarticlesofamendmentwiththesecretaryofstatepursuanttosection347.041, | |
| 623 | 403 | 61identifyingtheserieswhosenameisbeingchangedandthenewnameofsuchseries.Ifnot | |
| 624 | 404 | 62thesameasthelimitedliabilitycompany,thenamesofthemembersofamember-managed | |
| 625 | 405 | 63seriesorofthemanagersofamanager-managedseriesmaybechangedbyanamendmentto | |
| 626 | 406 | 64thearticlesoforganizationwiththesecretaryofstate. | |
| 627 | 407 | 65 (d)Aserieswithlimitedliabilityunderthissectionmaybedissolvedbyfilingwith | |
| 628 | 408 | 66thesecretaryofstatearticlesofamendmentpursuanttosection347.041identifyingtheseries | |
| 629 | 409 | 67beingdissolvedorbythedissolutionofthelimitedliabilitycompanyasprovidedinsection | |
| 630 | 410 | 68347.045.Excepttotheextentotherwiseprovidedintheoperatingagreement,aseriesmaybe | |
| 631 | 411 | 69dissolvedanditsaffairswoundupwithoutcausingthedissolutionofthelimitedliability | |
| 632 | 412 | 70company.Thedissolutionofaseriesestablishedinaccordancewithsubsection2ofthis | |
| 633 | 413 | 71sectionshallnotaffectthelimitationonliabilitiesofsuchseriesprovidedbysubsection2of | |
| 634 | 414 | 72thissection.Aseriesisterminatedanditsaffairsshallbewoundupuponthedissolutionof | |
| 635 | 415 | 73thelimitedliabilitycompanyundersection347.045. | |
| 636 | 416 | 74 (e)Articlesoforganization,amendment,orterminationdescribedunderthis | |
| 637 | 417 | 75subdivisionmaybeexecutedbythelimitedliabilitycompanyoranymanager,person,or | |
| 638 | 418 | 76entitydesignatedintheoperatingagreementforthelimitedliabilitycompany. | |
| 639 | 419 | 77 (f)Notwithstandingparagraph(d)ofsubdivision(1)ofthissubsection,the | |
| 640 | 420 | 78maximumnumberofdesignatedseriesthatmaybeeffectedbyanyonefilingshallbe | |
| 641 | 421 | 79limitedtofifty. | |
| 642 | 422 | 80 (2)Ifdifferentfromthelimitedliabilitycompany,thearticlesoforganizationshall | |
| 643 | 423 | 81listthenamesofthemembersforeachseriesiftheseriesismember-managedorthenamesof | |
| 644 | 424 | 82themanagersiftheseriesismanager-managed. | |
| 645 | 425 | 83 (3)Aseriesofalimitedliabilitycompanyshallbedeemedtobeingoodstandingas | |
| 646 | 426 | 84longasthelimitedliabilitycompanyisingoodstanding. | |
| 647 | 427 | 85 (4)Theregisteredagentandregisteredofficeforthelimitedliabilitycompany | |
| 648 | 428 | 86appointedundersection347.033shallserveastheagentandofficeforserviceofprocessfor | |
| 649 | 429 | 87eachseriesinthisstate. | |
| 650 | - | ||
| 430 | + | HB2157 12 88 5.(1)Anoperatingagreementmayprovideforclassesorgroupsofmembersor | |
| 651 | 431 | 89managersassociatedwithaserieshavingsuchrelativerights,powers,anddutiesasan | |
| 652 | 432 | 90operatingagreementmayprovideandmaymakeprovisionforthefuturecreationof | |
| 653 | 433 | 91additionalclassesorgroupsofmembersormanagersassociatedwiththeserieshavingsuch | |
| 654 | 434 | 92relativerights,powers,anddutiesasmayfromtimetotimebeestablished,includingrights, | |
| 655 | 435 | 93powers,anddutiesseniorandsubordinatetoordifferentfromexistingclassesandgroupsof | |
| 656 | 436 | 94membersormanagersassociatedwiththeseries. | |
| 657 | 437 | 95 (2)Aseriesmaybemanagedeitherbythememberormembersassociatedwiththe | |
| 658 | 438 | 96seriesorbythemanagerormanagerschosenbythemembersofsuchseries,asprovidedin | |
| 659 | 439 | 97theoperatingagreement.Unlessotherwiseprovidedinanoperatingagreement,the | |
| 660 | 440 | 98managementofaseriesshallbevestedinthemembersassociatedwithsuchseries. | |
| 661 | 441 | 99 (3)Anoperatingagreementmaygranttoallorcertainidentifiedmembersor | |
| 662 | 442 | 100managers,ortoaspecifiedclassorgroupofthemembersormanagersassociatedwitha | |
| 663 | 443 | 101series,therighttovoteseparatelyorwithalloranyclassorgroupofthemembersor | |
| 664 | 444 | 102managersassociatedwiththeseries,onanymatter.Anoperatingagreementmayprovidethat | |
| 665 | 445 | 103anymemberorclassorgroupofmembersassociatedwithaseriesshallhavenovotingrights | |
| 666 | 446 | 104orabilitytootherwiseparticipateinthemanagementorgovernanceofsuchseries,butany | |
| 667 | 447 | 105suchmemberorclassorgroupofmembersareownersoftheseries. | |
| 668 | 448 | 106 (4)Exceptasmodifiedinthissection,theprovisionsofthischapterwhichare | |
| 669 | 449 | 107generallyapplicabletolimitedliabilitycompaniesandtheirmanagers,members,and | |
| 670 | 450 | 108transfereesshallbeapplicabletoeachparticularserieswithrespecttotheoperationofsuch | |
| 671 | 451 | 109series. | |
| 672 | 452 | 110 (5)Exceptasotherwiseprovidedinanoperatingagreement,anyeventspecifiedin | |
| 673 | 453 | 111thischapterorinanoperatingagreementthatcausesamanagertoceasetobeamanagerwith | |
| 674 | 454 | 112respecttoaseriesshallnot,initself,causesuchmanagertoceasetobeamanagerofthe | |
| 675 | 455 | 113limitedliabilitycompanyorwithrespecttoanyotherseriesthereof. | |
| 676 | 456 | 114 (6)Exceptasotherwiseprovidedinanoperatingagreement,anyeventspecifiedin | |
| 677 | 457 | 115thischapterorinanoperatingagreementthatcausesamembertoceasetobeassociatedwith | |
| 678 | 458 | 116aseriesshallnot,initself,causesuchmembertoceasetobeassociatedwithanyotherseries, | |
| 679 | 459 | 117terminatethecontinuedmembershipofamemberinthelimitedliabilitycompany,orcause | |
| 680 | 460 | 118theterminationoftheseries,regardlessofwhethersuchmemberwasthelastremaining | |
| 681 | 461 | 119memberassociatedwithsuchseries. | |
| 682 | 462 | 120 (7)Anoperatingagreementmayimposerestrictions,duties,andobligationson | |
| 683 | 463 | 121membersofthelimitedliabilitycompanyoranyseriesthereofasamatterofinternal | |
| 684 | 464 | 122governance,including,withoutlimitation,thosewithregardto: | |
| 685 | 465 | 123 (a)Choiceoflaw,forumselection,orconsenttopersonaljurisdiction; | |
| 686 | 466 | 124 (b)Capitalcontributions; | |
| 687 | - | ||
| 467 | + | HB2157 13 125 (c)Restrictionson,ortermsandconditionsof,thetransferofmembershipinterests; | |
| 688 | 468 | 126 (d)Restrictivecovenants,includingnoncompetition,nonsolicitation,and | |
| 689 | 469 | 127confidentialityprovisions; | |
| 690 | 470 | 128 (e)Fiduciaryduties;and | |
| 691 | 471 | 129 (f)Restrictions,duties,orobligationstoorforthebenefitofthelimitedliability | |
| 692 | 472 | 130company,otherseriesthereof,ortheiraffiliates. | |
| 693 | 473 | 131 6.(1)Ifalimitedliabilitycompanywiththeabilitytoestablishseriesdoesnot | |
| 694 | 474 | 132registertodobusinessinaforeignjurisdictionforitselfanditsseries,aseriesofalimited | |
| 695 | 475 | 133liabilitycompanymayitselfregistertodobusinessasalimitedliabilitycompanyinthe | |
| 696 | 476 | 134foreignjurisdictioninaccordancewiththelawsoftheforeignjurisdiction. | |
| 697 | 477 | 135 (2)Ifaforeignlimitedliabilitycompany,aspermittedinthejurisdictionofits | |
| 698 | 478 | 136organization,hasestablishedaserieshavingseparaterights,powers,ordutiesandhaslimited | |
| 699 | 479 | 137theliabilitiesofsuchseriessothatthedebts,liabilities,andobligationsincurred,contracted | |
| 700 | 480 | 138for,orotherwiseexistingwithrespecttoaparticularseriesareenforceableagainsttheassets | |
| 701 | 481 | 139ofsuchseriesonly,andnotagainsttheassetsofthelimitedliabilitycompanygenerallyorany | |
| 702 | 482 | 140otherseriesthereof,orsothatthedebts,liabilities,obligations,andexpensesincurred, | |
| 703 | 483 | 141contractedfor,orotherwiseexistingwithrespecttothelimitedliabilitycompanygenerallyor | |
| 704 | 484 | 142anyotherseriesthereofarenotenforceableagainsttheassetsofsuchseries,thenthelimited | |
| 705 | 485 | 143liabilitycompany,onbehalfofitselforanyofitsseries,oranyofitsseriesonitsownbehalf | |
| 706 | 486 | 144mayregistertodobusinessinthisstateinaccordancewiththischapter.Thelimitationof | |
| 707 | 487 | 145liabilityshallalsobestatedontheapplicationforregistration.Asrequiredundersection | |
| 708 | 488 | 146347.153,theregistrationapplicationfiledshallidentifyeachseriesbeingregisteredtodo | |
| 709 | 489 | 147businessinthestatebythelimitedliabilitycompany.Unlessotherwiseprovidedinthe | |
| 710 | 490 | 148operatingagreement,thedebts,liabilities,andobligationsincurred,contractedfor,or | |
| 711 | 491 | 149otherwiseexistingwithrespecttoaparticularseriesofsuchaforeignlimitedliability | |
| 712 | 492 | 150companyshallbeenforceableagainsttheassetsofsuchseriesonlyandnotagainsttheassets | |
| 713 | 493 | 151oftheforeignlimitedliabilitycompanygenerallyoranyotherseriesthereof,andnoneofthe | |
| 714 | 494 | 152debts,liabilities,obligations,andexpensesincurred,contractedfor,orotherwiseexistingwith | |
| 715 | 495 | 153respecttosuchaforeignlimitedliabilitycompanygenerallyoranyotherseriesthereofshall | |
| 716 | 496 | 154beenforceableagainsttheassetsofsuchseries. | |
| 717 | 497 | 155 7.Nothinginsections347.039,347.153,or347.186shallbeconstruedtoalter | |
| 718 | 498 | 156existingMissouristatuteorcommonlawprovidinganycauseofactionforfraudulent | |
| 719 | 499 | 157conveyance,includingbutnotlimitedtochapter428,oranyreliefavailableunderexisting | |
| 720 | 500 | 158lawthatpermitsachallengetolimitedliability. | |
| 721 | 501 | 358.460.1.Theexclusiverighttotheuseofanameofaregisteredlimitedliability | |
| 722 | 502 | 2partnershiporforeignregisteredlimitedliabilitypartnershipmaybereservedby: | |
| 723 | - | ||
| 503 | + | HB2157 14 3 (1)Anypersonintendingtobecomearegisteredlimitedliabilitypartnershipor | |
| 724 | 504 | 4foreignregisteredlimitedliabilitypartnershipunderthischapterandtoadoptthatname;and | |
| 725 | 505 | 5 (2)Anyregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability | |
| 726 | 506 | 6partnershipwhichproposestochangeitsname. | |
| 727 | 507 | 7 2.Thereservationofaspecifiednameshallbemadebyfilingwiththesecretaryof | |
| 728 | 508 | 8stateanapplication,executedbytheapplicant,specifyingthenametobereservedandthe | |
| 729 | 509 | 9nameandaddressoftheapplicant.Ifthesecretaryofstatefindsthatthenameisavailablefor | |
| 730 | 510 | 10usebyaregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability | |
| 731 | 511 | 11partnership,thesecretaryofstateshallreservethenamefortheexclusiveuseoftheapplicant | |
| 732 | 512 | 12foraperiodofsixtydays.Anamereservationshallnotexceedaperiodofonehundred | |
| 733 | 513 | 13eightydaysfromthedateofthefirstnamereservationapplication.Upontheonehundred | |
| 734 | 514 | 14eighty-firstdaythenameshallceasereservestatusandshallnotbeplacedbackinsuchstatus. | |
| 735 | 515 | 15Therighttotheexclusiveuseofareservednamemaybetransferredtoanyotherpersonby | |
| 736 | 516 | 16filingintheofficeofthesecretaryofstateanoticeofthetransfer,executedbytheapplicant | |
| 737 | 517 | 17forwhomthenamewasreserved,specifyingthenametobetransferredandthenameand | |
| 738 | 518 | 18addressofthetransferee.Thereservationofaspecifiednamemaybecancelledbyfilingwith | |
| 739 | 519 | 19thesecretaryofstateanoticeofcancellation,executedbytheapplicantortransferee, | |
| 740 | 520 | 20specifyingthenamereservationtobecancelledandthenameandaddressoftheapplicantor | |
| 741 | 521 | 21transferee. | |
| 742 | 522 | 22 3.Afeeintheamountof[twenty-five] twentydollarsshallbepaidtothesecretaryof | |
| 743 | 523 | 23stateuponreceiptforfilingofanapplicationforreservationofname,anapplicationfor | |
| 744 | 524 | 24renewalofreservationoranoticeoftransferorcancellationpursuanttothissection.All | |
| 745 | 525 | 25moneysfromthepaymentofthisfeeshallbedepositedintothegeneralrevenuefund. | |
| 746 | 526 | 358.470.1.Eachregisteredlimitedliabilitypartnershipandeachforeignregistered | |
| 747 | 527 | 2limitedliabilitypartnershipshallhaveandmaintaininthestateofMissouri: | |
| 748 | 528 | 3 (1)Aregisteredoffice,whichmay,butneednotbe,aplaceofitsbusinessinthestate | |
| 749 | 529 | 4ofMissouri;and | |
| 750 | 530 | 5 (2)Aregisteredagentforserviceofprocessontheregisteredlimitedliability | |
| 751 | 531 | 6partnershiporforeignregisteredlimitedliabilitypartnership,whichagentmaybeeitheran | |
| 752 | 532 | 7individualresidentofthestateofMissouriwhosebusinessofficeisidenticalwiththe | |
| 753 | 533 | 8registeredlimitedliabilitypartnership'sorforeignregisteredlimitedliabilitypartnership's | |
| 754 | 534 | 9registeredoffice,oradomesticcorporation,oraforeigncorporationauthorizedtodobusiness | |
| 755 | 535 | 10inthestateofMissouri,havingabusinessofficeidenticalwithsuchregisteredofficeorthe | |
| 756 | 536 | 11registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnershipitself. | |
| 757 | 537 | 12 2.Aregisteredagentmaychangetheaddressoftheregisteredofficeoftheregistered | |
| 758 | 538 | 13limitedliabilitypartnershipsorforeignregisteredlimitedliabilitypartnershipsforwhichthe | |
| 759 | 539 | 14agentistheregisteredagenttoanotheraddressinthestateofMissouribypayingafeeinthe | |
| 760 | - | ||
| 540 | + | HB2157 15 15amountof[ten]fivedollars[, andafurtherfeeintheamountoftwodollars] foreach | |
| 761 | 541 | 16registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership | |
| 762 | 542 | 17affectedthereby,tothesecretaryofstateandfilingwiththesecretaryofstateacertificate, | |
| 763 | 543 | 18executedbysuchregisteredagent,settingforththenamesofalltheregisteredlimitedliability | |
| 764 | 544 | 19partnershipsorforeignregisteredlimitedliabilitypartnershipsrepresentedbysuchregistered | |
| 765 | 545 | 20agent,andtheaddressatwhichsuchregisteredagenthasmaintainedtheregisteredofficefor | |
| 766 | 546 | 21eachofsuchregisteredlimitedliabilitypartnershipsorforeignregisteredlimitedliability | |
| 767 | 547 | 22partnerships,andfurthercertifyingtothenewaddresstowhichsuchregisteredofficewillbe | |
| 768 | 548 | 23changedonagivenday,andatwhichnewaddresssuchregisteredagentwillthereafter | |
| 769 | 549 | 24maintaintheregisteredofficeforeachoftheregisteredlimitedliabilitypartnershipsor | |
| 770 | 550 | 25foreignregisteredlimitedliabilitypartnershipsrecitedinthecertificate.Uponthefilingof | |
| 771 | 551 | 26suchcertificate,thesecretaryofstateshallfurnishtotheregisteredagentacertifiedcopyof | |
| 772 | 552 | 27thesameunderthesecretaryofstate'shandandsealofoffice,andthereafter,oruntilfurther | |
| 773 | 553 | 28changeofaddress,asauthorizedbylaw,theregisteredofficeinthestateofMissouriofeach | |
| 774 | 554 | 29oftheregisteredlimitedliabilitypartnershipsorforeignregisteredlimitedliability | |
| 775 | 555 | 30partnershipsrecitedinthecertificateshallbelocatedatthenewaddressoftheregistered | |
| 776 | 556 | 31agentthereofasgiveninthecertificate.Intheeventofachangeofnameofanypersonacting | |
| 777 | 557 | 32asaregisteredagentofaregisteredlimitedliabilitypartnershiporforeignregisteredlimited | |
| 778 | 558 | 33liabilitypartnership,suchregisteredagentshallfilewiththesecretaryofstateacertificate, | |
| 779 | 559 | 34executedbysuchregisteredagent,settingforththenewnameofsuchregisteredagent,the | |
| 780 | 560 | 35nameofsuchregisteredagentbeforeitwaschanged,thenamesofalltheregisteredlimited | |
| 781 | 561 | 36liabilitypartnershipsorforeignregisteredlimitedliabilitypartnershipsrepresentedbysuch | |
| 782 | 562 | 37registeredagent,andtheaddressatwhichsuchregisteredagenthasmaintainedtheregistered | |
| 783 | 563 | 38officeforeachofsuchregisteredlimitedliabilitypartnershipsorforeignregisteredlimited | |
| 784 | 564 | 39liabilitypartnerships,andshallpayafeeintheamountof[twenty-five] fivedollars[, anda | |
| 785 | 565 | 40furtherfeeintheamountoftwodollars] foreachregisteredlimitedliabilitypartnershipor | |
| 786 | 566 | 41foreignregisteredlimitedliabilitypartnershipaffectedthereby,tothesecretaryofstate.Upon | |
| 787 | 567 | 42thefilingofsuchcertificate,thesecretaryofstateshallfurnishtotheregisteredagenta | |
| 788 | 568 | 43certifiedcopyofthesameunderthesecretaryofstate'shandandsealofoffice.Filinga | |
| 789 | 569 | 44certificateunderthissectionshallbedeemedtobeanamendmentoftheapplication,renewal | |
| 790 | 570 | 45applicationornoticefiledpursuanttosubsection19ofsection358.440,asthecasemaybe,of | |
| 791 | 571 | 46eachregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership | |
| 792 | 572 | 47affectedthereby,andeachsuchregisteredlimitedliabilitypartnershiporforeignregistered | |
| 793 | 573 | 48limitedliabilitypartnershipshallnotberequiredtotakeanyfurtheractionwithrespect | |
| 794 | 574 | 49theretotoamenditsapplication,renewalapplicationornoticefiled,asthecasemaybe, | |
| 795 | 575 | 50pursuanttosection358.440.Anyregisteredagentfilingacertificateunderthissectionshall | |
| 796 | - | ||
| 576 | + | HB2157 16 51promptly,uponsuchfiling,deliveracopyofanysuchcertificatetoeachregisteredlimited | |
| 797 | 577 | 52liabilitypartnershiporforeignregisteredlimitedliabilitypartnershipaffectedthereby. | |
| 798 | 578 | 53 3.Theregisteredagentofoneormoreregisteredlimitedliabilitypartnershipsor | |
| 799 | 579 | 54foreignregisteredlimitedliabilitypartnershipsmayresignandappointasuccessorregistered | |
| 800 | 580 | 55agentbypayingafeeintheamountof[fifty] fivedollars[, andafurtherfeeintheamountof | |
| 801 | 581 | 56twodollars] foreachregisteredlimitedliabilitypartnershiporforeignregisteredlimited | |
| 802 | 582 | 57liabilitypartnershipaffectedthereby,tothesecretaryofstateandfilingacertificatewiththe | |
| 803 | 583 | 58secretaryofstate,statingthatitresignsandthenameandaddressofthesuccessorregistered | |
| 804 | 584 | 59agent.Thereshallbeattachedtosuchcertificateastatementexecutedbyeachaffected | |
| 805 | 585 | 60registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership | |
| 806 | 586 | 61ratifyingandapprovingsuchchangeofregisteredagent.Uponsuchfiling,thesuccessor | |
| 807 | 587 | 62registeredagentshallbecometheregisteredagentofsuchregisteredlimitedliability | |
| 808 | 588 | 63partnershipsorforeignregisteredlimitedliabilitypartnershipsashaveratifiedandapproved | |
| 809 | 589 | 64suchsubstitutionandthesuccessorregisteredagent'saddress,asstatedinsuchcertificate, | |
| 810 | 590 | 65shallbecometheaddressofeachsuchregisteredlimitedliabilitypartnership'sorforeign | |
| 811 | 591 | 66registeredlimitedliabilitypartnership'sregisteredofficeinthestateofMissouri.The | |
| 812 | 592 | 67secretaryofstateshallfurnishtothesuccessorregisteredagentacertifiedcopyofthe | |
| 813 | 593 | 68certificateofresignation.Filingofsuchcertificateofresignationshallbedeemedtobean | |
| 814 | 594 | 69amendmentoftheapplication,renewalapplicationornoticefiledpursuanttosubsection19of | |
| 815 | 595 | 70section358.440,asthecasemaybe,ofeachregisteredlimitedliabilitypartnershiporforeign | |
| 816 | 596 | 71registeredlimitedliabilitypartnershipaffectedthereby,andeachsuchregisteredlimited | |
| 817 | 597 | 72liabilitypartnershiporforeignregisteredlimitedliabilitypartnershipshallnotberequiredto | |
| 818 | 598 | 73takeanyfurtheractionwithrespectthereto,toamenditsapplication,renewalapplicationor | |
| 819 | 599 | 74noticefiledpursuanttosubsection19ofsection358.440,asthecasemaybe,pursuantto | |
| 820 | 600 | 75section358.440. | |
| 821 | 601 | 76 4.Theregisteredagentofaregisteredlimitedliabilitypartnershiporforeign | |
| 822 | 602 | 77registeredlimitedliabilitypartnershipmayresignwithoutappointingasuccessorregistered | |
| 823 | 603 | 78agentbypayingafeeintheamountof[ten]fivedollarstothesecretaryofstateandfilinga | |
| 824 | 604 | 79certificatewiththesecretaryofstatestatingthatitresignsasregisteredagentforthe | |
| 825 | 605 | 80registeredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership | |
| 826 | 606 | 81identifiedinthecertificate,butsuchresignationshallnotbecomeeffectiveuntilonehundred | |
| 827 | 607 | 82twentydaysafterthecertificateisfiled.Thereshallbeattachedtosuchcertificatean | |
| 828 | 608 | 83affidavitofsuchregisteredagent,ifanindividual,orthepresident,avicepresidentorthe | |
| 829 | 609 | 84secretarythereofifacorporation,thatatleastthirtydayspriortoandonoraboutthedateof | |
| 830 | 610 | 85thefilingofthecertificate,noticesweresentbycertifiedorregisteredmailtotheregistered | |
| 831 | 611 | 86limitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnershipforwhichsuch | |
| 832 | 612 | 87registeredagentisresigningasregisteredagent,attheprincipalofficethereofwithinor | |
| 833 | - | ||
| 613 | + | HB2157 17 88outsidethestateofMissouri,ifknowntosuchregisteredagentor,ifnot,tothelastknown | |
| 834 | 614 | 89addressoftheattorneyorotherindividualatwhoserequestsuchregisteredagentwas | |
| 835 | 615 | 90appointedforsuchregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability | |
| 836 | 616 | 91partnership,oftheresignationofsuchregisteredagent.Afterreceiptofthenoticeofthe | |
| 837 | 617 | 92resignationofitsregisteredagent,theregisteredlimitedliabilitypartnershiporforeign | |
| 838 | 618 | 93registeredlimitedliabilitypartnershipforwhichsuchregisteredagentwasactingshallobtain | |
| 839 | 619 | 94anddesignateanewregisteredagent,totaketheplaceoftheregisteredagentsoresigning.If | |
| 840 | 620 | 95suchregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliabilitypartnership | |
| 841 | 621 | 96failstoobtainanddesignateanewregisteredagentpriortotheexpirationoftheperiodofone | |
| 842 | 622 | 97hundredtwentydaysafterthefilingbytheregisteredagentofthecertificateofresignation, | |
| 843 | 623 | 98theapplication,renewalapplicationornoticefiledpursuanttosubsection19ofsection | |
| 844 | 624 | 99358.440ofsuchregisteredlimitedliabilitypartnershiporforeignregisteredlimitedliability | |
| 845 | 625 | 100partnershipshallbedeemedtobecancelled. | |
| 846 | 626 | âś” | |
| 847 | - | ||
| 627 | + | HB2157 18 |