Bill Summary

SB 316 Limited Liability Companies (2025 Session)
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Sponsors
by Berman  CS Sponsors: Rules
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Summary
Limited Liability Companies; Defining the terms “registered foreign protected series of a foreign series limited liability company” and “registered foreign series limited liability company”; specifying that certain limited liability companies are considered a nonresident under certain circumstances; creating the “Uniform Protected Series Provisions”; providing powers and prohibitions for protected series of series limited liability companies; authorizing domestic limited liability companies to establish protected series, etc. Effective Date: 7/1/2026
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committees of reference
   S Commerce and Tourism
   S Judiciary
   S Rules
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Actions
01/17/25
SENATE
Filed
02/03/25
SENATE
Referred to Commerce and Tourism; Judiciary; Rules
02/10/25
SENATE
On Committee agenda - Commerce and Tourism, 02/18/25, 8:30 am, 110 S
02/18/25
SENATE
Favorable by Commerce and Tourism; 7 Yeas, 0 Nays
02/18/25
SENATE
Now in Judiciary
03/14/25
SENATE
On Committee agenda - Judiciary, 03/19/25, 9:00 am, 110 S
03/19/25
SENATE
Favorable by Judiciary; 11 Yeas, 0 Nays
03/19/25
SENATE
Now in Rules
03/21/25
SENATE
On Committee agenda - Rules, 03/26/25, 9:00 am, 412 K
03/26/25
SENATE
Favorable with CS by Rules; 24 Yeas, 0 Nays
03/26/25
SENATE
Committee Substitute Text (C1) Filed
03/28/25
SENATE
Placed on Calendar, on 2nd reading
04/01/25
SENATE
Placed on Special Order Calendar, 04/03/25
04/03/25
SENATE
Read Second Time; Read Third Time; Passed (Vote: 35 Yeas / 1 Nay); Immediately certified
04/03/25
HOUSE 
In Messages
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bill text & filed amendments
0316
Filed on 01/17/25
PDF
Amendment 386758
Berman
Filed on 03/25/25
Replaced by CS
PDF
0316C1
Filed on 03/26/25
PDF
No amendments to this bill text filed.
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Statute Citations
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