VA HB2059 | 2015 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 26 2015 - 100% progression
Action: 2015-03-26 - Governor: Acts of Assembly Chapter text (CHAP0614)
Text: Latest bill text (Chaptered) [HTML]

Summary

Limited partnerships; admission or withdrawal of partners. Provides that a person may be admitted to a limited partnership as a general partner and may receive a partnership interest in it without making, or being required to make, a contribution to the limited partnership. The measure also provides that, unless a partnership agreement otherwise provides, a person may be admitted to a limited partnership as its general partner without acquiring a partnership interest in the limited partnership. Finally, the measure clarifies that the withdrawal of a general partner from a limited partnership does not cause its dissolution (i) when there is at least one other general partner, unless the partnership agreement provides otherwise or all remaining partners agree, or (ii) when all remaining partners agree in writing to continue the business of the limited partnership.

Tracking Information

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Title

Limited partnerships; admission or withdrawal of partners.

Sponsors


Roll Calls

2015-02-19 - Senate - Senate: Passed Senate (35-Y 3-N) (Y: 35 N: 3 NV: 2 Abs: 0) [PASS]
2015-02-18 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2015-02-16 - Senate - Senate: Reported from Commerce and Labor (13-Y 2-N) (Y: 13 N: 2 NV: 0 Abs: 0) [PASS]
2015-01-28 - House - House: VOTE: PASSAGE (95-Y 3-N) (Y: 97 N: 3 NV: 2 Abs: 0) [PASS]
2015-01-22 - House - House: Reported from Commerce and Labor (20-Y 1-N) (Y: 21 N: 1 NV: 1 Abs: 0) [PASS]

History

DateChamberAction
2015-03-26 Governor: Acts of Assembly Chapter text (CHAP0614)
2015-03-26 Governor: Approved by Governor-Chapter 614 (effective 7/1/15)
2015-02-26 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
2015-02-26HouseEnrolled Bill communicated to Governor on 2/26/15
2015-02-26SenateSigned by President
2015-02-25HouseSigned by Speaker
2015-02-24HouseBill text as passed House and Senate (HB2059ER)
2015-02-24HouseEnrolled
2015-02-19SenatePassed Senate (35-Y 3-N)
2015-02-19SenateRead third time
2015-02-18SenateConstitutional reading dispensed (38-Y 0-N)
2015-02-16SenateReported from Commerce and Labor (13-Y 2-N)
2015-01-29SenateReferred to Committee on Commerce and Labor
2015-01-29SenateConstitutional reading dispensed
2015-01-28HouseVOTE: PASSAGE (95-Y 3-N)
2015-01-28HouseRead third time and passed House (95-Y 3-N)
2015-01-27HouseRead second time and engrossed
2015-01-26HouseRead first time
2015-01-22HouseReported from Commerce and Labor (20-Y 1-N)
2015-01-14HouseReferred to Committee on Commerce and Labor
2015-01-14HousePrefiled and ordered printed; offered 01/14/15 15101208D

Virginia State Sources


Bill Comments

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