HB1096

The amendment restructures the bill to allow limited liability limited partnerships to be created in two ways—either by converting an existing limited partnership or by direct formation with a new certificate—rather than only through conversion, thereby broadening the bill's scope to make this entity type more accessible. The amendment also adds an effective date of January 1, 2027, and makes minor technical corrections to the language and numbering.

The enrolled version makes minor grammatical and formatting corrections to clarify the bill's procedures—changing passive constructions like "Obtaining approval" to active voice ("Obtain approval"), simplifying cross-references to other statutes, and correcting punctuation (e.g., "LLLP." to "LLLP;")—without altering the substantive policy of allowing direct creation of limited liability limited partnerships.