Loading chat...
MN SF2326
Bill
Status
3/8/2016
Primary Sponsor
Melisa Franzen
Click for details
AI Summary
-
Updates Minnesota Statutes references throughout to include limited liability companies governed by chapter 322C (Minnesota Revised Uniform Limited Liability Company Act) alongside existing chapter 322B references.
-
Clarifies fees for limited liability company filings: establishes $135 formation fee and specifies $35 service of process fee; eliminates requirement for fee on annual renewal filings.
-
Adds provisions recognizing members and managers of chapter 322C limited liability companies as "officers of the company" for purposes of service of process and other statutory definitions.
-
Extends eligibility for various state programs (broadband grants, charter school authorization, energy development projects) to include limited liability companies organized under chapter 322C.
-
Effective retroactively from August 1, 2015, except conversion to corporations governed by chapter 304A which is effective the day following final enactment.
Legislative Description
Minnesota revised uniform limited liability company act limited liability companies statutory references update; fee clarification
Last Action
Second reading
3/14/2016