Property; to authorize limited liability company officers to take acknowledgments and proof of conveyances under certain circumstances

SB 57 proposes to allow officers of a limited liability company (LLC) to take official acknowledgments or proof of conveyances, such as deeds or mortgages, for their company. This bill expands existing law, which already permits officers of other business entities like corporations to perform this function. To be eligible, an LLC officer must own or hold not more than one percent of the company's total issued and outstanding capital stock. This change would take effect on October 1, 2025.