HB4233 S JUD AM #1

Graham 4841

The Committee on the Judiciary moved to amend the bill on page two, section one, line thirty-five, by striking out the words “paragraph (ii)” and inserting in lieu thereof the words “subparagraph (ii) of this paragraph”;

On page three, section one, line forty-two, by striking out the words “paragraph (iv)” and inserting in lieu thereof the words “subparagraph (iv) of this paragraph”;

On page three, section one, line forty-nine, by striking out the words “paragraph (iii)” and inserting in lieu thereof the words “subparagraph (iii) of this paragraph”;

On page seven, section six, line eleven, after the word “subdivision (a) by inserting the words “of this subsection”;

On page seven, section six, line fifteen, after the word “subdivision (a) by inserting the words “of this subsection”;

On page eight, section eight, lines twenty-five and twenty-six, by striking out the words “article nine of the uniform commercial code” and inserting in lieu thereof the words “§46-9-1 et seq. of this code”;

On page nine, section eight, line forty, by striking out the words “subparagraph (i) or (ii), paragraph A, subdivision (1), subsection (b) of this section” and inserting in lieu thereof the words “subdivision (1) or (2), subsection (b) of this section;

On page nine, after section thirteen, by striking out the section heading and inserting a new section heading to read as follows:

§40-1A-14. Application to and recognition of a foreign series organization.;

On page ten, section fourteen, line four, by striking out the words “subdivision (2) of this subsection” and inserting in lieu thereof the words “the definition of a series organization in §40-1A-14 of this code”;

And,

On page ten, section fourteen, after line twenty, by inserting a new subsection, designated subsection (c), to read as follows:

(c) A series organization includes a foreign series limited liability company, or one or more protected series thereof, which is organized as a series organization under the laws of another state or jurisdiction, and shall be recognized as a foreign series limited liability company in this state pursuant to, and in compliance with the provisions of §31B-10-1 et seq. of this code.

Adopted

Rejected