TO AMEND THE UNIFORM LIMITED LIABILITY COMPANY ACT; AND TO CLARIFY CHARGING ORDERS UNDER THE UNIFORM LIMITED LIABILITY COMPANY ACT.

SB 319 clarifies how charging orders - court orders allowing creditors to collect on a member's interest in a limited liability company (LLC) - interact with existing agreements. It specifies that charging orders do not override security agreements (like pledges or assignments) between an LLC member and their creditor, nor invalidate written agreements executed without violating the LLC's operating documents. The bill also ensures members retain exemption benefits applicable to their LLC interests. This directly affects LLC members, creditors, and LLC operating agreements by clarifying legal boundaries around debt collection.