South Carolina Legislature




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Session 119 - (2011-2012)Printer Friendly
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H 5150 General Bill, By Harrell, Harrison, Sandifer, Lucas, Hardwick, Howard, Clemmons, Ott, Crawford, Bingham, Owens, White and Funderburk
Summary: Liability of members and managers of Limited Liability Companies
    A BILL TO REENACT SECTION 33-44-303, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE LIABILITY OF MEMBERS AND MANAGERS OF LIMITED LIABILITY COMPANIES, AND TO EXPRESS THAT IT IS THE CLEAR AND UNAMBIGUOUS INTENT OF THE GENERAL ASSEMBLY TO SHIELD A MEMBER OF A LIMITED LIABILITY COMPANY FROM PERSONAL LIABILITY FOR ACTIONS TAKEN IN THE ORDINARY COURSE OF THE LIMITED LIABILITY COMPANY'S BUSINESS.
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04/19/12House Introduced, read first time, placed on calendar without reference (House Journal-page 34)
04/26/12House Member(s) request name added as sponsor: Funderburk
04/26/12House Read second time (House Journal-page 117)
04/26/12House Roll call Yeas-96 Nays-0 (House Journal-page 117)
04/26/12House Unanimous consent for third reading on next legislative day (House Journal-page 118)
04/27/12House Read third time and returned to Senate with amendments (House Journal-page 3)
05/01/12Senate Introduced and read first time (Senate Journal-page 14)
05/01/12Senate Referred to Committee on Judiciary (Senate Journal-page 14)
05/04/12Senate Referred to Subcommittee: Campsen (ch), Hutto, Malloy, Campbell, Massey
06/05/12Senate Recalled from Committee on Judiciary (Senate Journal-page 8)
06/06/12Senate Read second time (Senate Journal-page 120)



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