This bill removes detailed rules about how limited liability companies can change their legal home from one state to another (a process called "domestication"). South Dakota is simplifying its LLC law by deleting the specific requirements for domestication plans and procedures, likely consolidating these provisions into other sections of the Uniform Limited Liability Company Act.
AI-generated summary
This bill does not directly amend codified state law.
Signed by the Governor H.J. 626
Delivered to the Governor H.J. 498
Signed by the President S.J. 416
Signed by the Speaker H.J. 483
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 330
Judiciary Certified uncontested, placed on consent
Judiciary Do Pass Passed, YEAS 7, NAYS 0.
Judiciary Scheduled for hearing
First read in Senate and referred to Senate Judiciary S.J. 224
House of Representatives Do Pass Amended Passed, YEAS 67, NAYS 0. H.J. 237
Judiciary Certified uncontested, placed on consent H.J. 1
Judiciary Do Pass Amended Passed, YEAS 11, NAYS 0. H.J. 1
Judiciary Motion to amend H.J. 1
Judiciary Scheduled for hearing
Judiciary Scheduled for hearing H.J. 1
First read in House and referred to House Judiciary H.J. 21
Mike Stevens
Prime sponsor · Rep.
R
Cosponsors
Judiciary — Do Pass
Do Pass Amended
Judiciary — Do Pass Amended