Limited Liability Companies
Summary
Limited Liability Companies; Creates and revises provisions addressing certain domestic and foreign limited liability companies, series, and protected series, including registered series and protected series.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2025
Last action Apr 29, 2025
Maddy AI version diff · 1 comparison
What changed between versions
H 403 Filed
→
H 403 c1
·
6 edits
MODERATE
This bill introduces new legal protections for 'protected series' within limited liability companies, allowing them to be treated as separate legal entities with distinct liability shields. The changes expand the bill's scope to include requirements for certificates of status, annual reporting obligations, and service of legal process on these protected series. Technical formatting adjustments were made throughout the document to align with current legislative standards.
Scope change
The bill now applies to both domestic and foreign series limited liability companies, establishing new requirements for protected series designations, asset holding, and service of process.
DEFINITION
New definitions for 'registered foreign protected series' and 'registered foreign series limited liability company'
REQUIREMENT
Creation of new sections establishing requirements for protected series establishment, naming, and registered agent specifications
Requirements for annual reports to include specified information about protected series
ENFORCEMENT
New provisions for service of summons and complaint on protected series, establishing how legal notices must be delivered
ELIGIBILITY
Authorization for domestic limited liability companies to establish protected series with asset segregation
TECHNICAL
Document formatting and header information updated from 'HB 403' to 'CS/HB 403' indicating committee stage
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
23
Key actions
12
Committee
16
Mar 27, 2025
Committee
Bill referred to House Calendar
lower
Mar 26, 2025
Lower · Passed
Reported out of Judiciary Committee
lower
Mar 26, 2025
Lower · Passed
Favorable with CS by Judiciary Committee
lower
Mar 24, 2025
Lower · Passed
Added to Judiciary Committee agenda
lower
Mar 13, 2025
Lower · Passed
Now in Judiciary Committee
lower
Mar 13, 2025
Lower · Passed
Reported out of Industries & Professional Activities Subcommittee
lower
Mar 12, 2025
Lower · Passed
Favorable by Industries & Professional Activities Subcommittee
lower
Mar 10, 2025
Lower · Passed
Added to Industries & Professional Activities Subcommittee agenda
lower
Mar 5, 2025
Lower · Passed
Now in Industries & Professional Activities Subcommittee
lower
Mar 5, 2025
Lower · Passed
Reported out of Civil Justice & Claims Subcommittee
lower
Mar 5, 2025
Lower · Passed
Favorable by Civil Justice & Claims Subcommittee
lower
Mar 3, 2025
Lower · Passed
Added to Civil Justice & Claims Subcommittee agenda
lower
Feb 12, 2025
Lower · Passed
Now in Civil Justice & Claims Subcommittee
lower
Feb 12, 2025
Committee
Referred to Judiciary Committee
lower
Feb 12, 2025
Committee
Referred to Industries & Professional Activities Subcommittee
lower
Feb 12, 2025
Committee
Referred to Civil Justice & Claims Subcommittee
lower
1 primary · 1 co-sponsor
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 403
Scope: FL
Hi! I can help you understand HB 403. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline