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New Legislation Corporate Governance Operating Agreements

Clark Hill PLC

Can you eliminate fiduciary duties in a Texas LLC?

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Bottom Line: Yes, as of May 14, 2025, members of a Texas LLCs can now eliminate fiduciary duties through their company agreements (aka “operating agreements”), thanks to a crucial amendment that added the word “eliminate” to...more

Frantz Ward LLP

Episode 19 | Business Law Update: A Primer on Ohio's Revised LLC Act

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Ohio recently modernized its laws governing limited liability companies through the Revised Limited Liability Company Act. The revised regulations apply to all Ohio limited liability companies, regardless of when organized,...more

Snell & Wilmer

Let Me Tell You ALLCA Bout It: Arizona Adopts ALLCA to Fill Gaps and Create Uniformity Amongst Arizona LLCs

Snell & Wilmer on

Arizona Governor Doug Ducey signed SB 1353 into law on April 10, 2018, repealing Arizona’s previous LLC laws and replacing them with the new Arizona Limited Liability Company Act—colloquially known as ALLCA.1 ALLCA becomes...more

Fox Rothschild LLP

Minnesota’s New LLC Act Takes Full Effect On January 1

Fox Rothschild LLP on

An overhaul of Minnesota corporate law on limited liability companies, or LLCs, that was phased in over three years will take full effect in January 2018. The new act differs significantly from the old act, but is modeled...more

Harris Beach Murtha PLLC

Business Group News: The Connecticut Uniform Limited Liability Act

The Connecticut Uniform Limited Liability Company Act, Public Act 16-97 (the "New Act") will become effective for all existing and new Connecticut LLCs on July 1, 2017. The New Act is more comprehensive, modern and well...more

Akerman LLP

Florida Adopts New Limited Liability Company Act - The New Act Makes Florida a More Desirable Location for Business Owners

Akerman LLP on

During the recently completed legislative session, the Florida Legislature unanimously adopted CS/SB 1300, which is a complete re-write of Florida's limited liability company statute. The new limited liability company act...more

Foley & Lardner LLP

Legislature Rewrites Florida LLC Law

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The 2013 Florida Legislature made several important changes to the law governing Florida limited liability companies (LLCs). The new law was based primarily on the Revised Uniform Limited Liability Company Act as amended in...more

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