Virginia House Bill 354 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-02-02 - House: Tabled in Commerce and Labor by voice vote
Text: Latest bill text (Prefiled) [HTML]

Benefit limited liability companies. Authorizes a Virginia limited liability company to elect to be a benefit limited liability company. A benefit limited liability company is required to have, as one of its purposes, the purpose of creating a general public benefit. In addition, a benefit limited liability company may have the purpose of creating one or more specific public benefits. The measure expands upon legislation enacted in the 2011 Session that gave stock corporations the option to be benefit corporations.

Benefit limited liability companies; purpose is to create general public benefit.

Sen. Jennifer McClellan [D]

Date	Chamber	Action
2012-02-02		House: Tabled in Commerce and Labor by voice vote
2012-01-10		House: Referred to Committee on Commerce and Labor
2012-01-10		House: Prefiled and ordered printed; offered 01/11/12 12100083D

Chapter	Article	Section	Citation Type	Statute Text
13	1	1081	(n/a)	See Bill Text
13	1	1090	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB354
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB354+hil