Assembly Bill A7642

2019-2020 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2019-A7642 (ACTIVE) - Details

See Senate Version of this Bill:
S3361
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Limited Liability Company Law
Laws Affected:
Amd §§1006, 209, 802, 1203, 1306 & 1101, rpld §206, §1101 sub (s), §802 sub (b), §1203 sub (c) ¶2, §1306 sub (d), §102 subs (a-1) & (e-1), Lim Lil L; rpld §121-201 sub (c), §121-902 sub (d), §121-1500 sub (a) ¶(II), §121-1502 sub (f) ¶(II), §121-1300 sub (f), §121-101 subs (a-1) & (a-2), amd §§121-201, 121-902, 121-1500, 121-1502 & 121-1300, Partn L; rpld §23.03 sub 4, Arts & Cul L; add §89-j, St Fin L
Versions Introduced in Other Legislative Sessions:
2021-2022: A2551, S1481
2023-2024: A7648, S4716

2019-A7642 (ACTIVE) - Summary

Eliminates the requirement that limited liability companies publish their articles of organization and that certain partnerships publish their registrations; establishes the department of state modernization fund; and repeals certain provisions of the limited liability company law, the partnership law and the arts and cultural affairs law relating thereto.

2019-A7642 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7642
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 14, 2019
                                ___________
 
 Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
   Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the limited liability company law  and  the  partnership
   law,  in  relation  to  certain  publication requirements and fees; to
   amend the state finance law, in relation to establishing  the  depart-
   ment  of  state  modernization  fund;  to  repeal subdivision (a-1) of
   section 102 and section 206 of the limited liability company  law  and
   subdivision  (a-1) of section 121-101 of the partnership law, relating
   to affidavits of publication; to repeal  subdivision  (s)  of  section
   1101  of  the  limited  liability  company  law and subdivision (f) of
   section 121-1300 of the partnership law, relating to fees  for  filing
   certificates  of  publication; to repeal subdivision b of section 802,
   paragraph 2 of subdivision (c) of section 1203 and subdivision (d)  of
   section  1206 of the limited liability company law and subdivision (c)
   of section 121-201, subdivision (d) of section 121-902, paragraph (II)
   of subdivision (a) of section 121-1500 and paragraph (II) of  subdivi-
   sion  (f)  of  section 121-1502 of the partnership law, in relation to
   publication requirements; to repeal subdivision (e-1) of  section  102
   of  the limited liability company law and subdivision (a-2) of section
   121-101 of the partnership law, relating to certificates  of  publica-
   tion;  and  to  repeal  subdivision 4 of section 23.03 of the arts and
   cultural affairs law, relating to theatrical production company publi-
   cation requirements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph of subdivision (e) of section 1006 of
 the limited liability company law, as amended by chapter 375 of the laws
 of 1998, is amended to read as follows:
   In  connection  with  any conversion approved under subdivision (c) of
 this section, the partnership or limited partnership shall file with the
 department of  state  a  signed  certificate  entitled  "Certificate  of
 Conversion of ... (name partnership or limited partnership) to ... (name
 of  limited  liability  company)  under  section one thousand six of the
 Limited Liability Company Law" [and shall also satisfy  the  publication
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.