Generally revise laws related to LLC operating agreements
HB 898 revises laws governing Limited Liability Company (LLC) operating agreements, directly impacting LLC owners (members) and managers. The bill clarifies that operating agreements must be interpreted using general contract law principles and outlines specific member rights and duties, such as the duty of loyalty and care, that cannot be unreasonably restricted or eliminated by an agreement. It also specifies certain significant decisions, like amending the operating agreement or admitting new members, that typically require the consent of all members, unless the company's foundational documents state otherwise. Additionally, the bill allows for the creation of different "series of members" within an LLC, each with potentially distinct rights or duties, and applies retroactively to existing operating agreements as well as new ones.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
House Passage
May 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Mar 27, 2025
Signed May 19, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
HB0898_X(2).pdf
→
HB0898_X(3).pdf
·
2 edits
MINOR
The bill includes minor formatting adjustments to the header and page numbering, while the core legal text regarding LLC operating agreements remains substantively unchanged. The most notable addition is the inclusion of the 'ENROLLED BILL' designation, which indicates the bill has been formally approved by the legislature and is ready for the governor's signature.
TECHNICAL
Added the 'ENROLLED BILL' title to the document, signifying the bill has passed final legislative approval.
Adjusted the header layout and page numbering sequence, likely due to changes in how the bill is printed or paginated.
Floor votes · Senate Apr 18, 2025 · House Apr 25, 2025
How they voted
50–0
Passed
Total votes 50
Apr 18, 2025
D
Democratic18
100% Yea
R
Republican32
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
47
Key actions
9
Committee
6
Amendments
1
May 13, 2025
Signed into law
(H) Signed by Governor
lower
May 6, 2025
Upper · Passed
(S) Signed by President
upper
May 2, 2025
Lower · Passed
(H) Signed by Speaker
lower
Apr 25, 2025
House · Passed
House Vote: pass (81-19)
house
Apr 22, 2025
Introduced
(S) Returned to House with Amendments
upper
Apr 18, 2025
Senate · Passed
Senate Vote: pass (50-0)
senate
Apr 15, 2025
Upper · Passed
(S) Committee Report - (S) Business, Labor and Economic Affairs
upper
Apr 15, 2025
Upper · Passed
(S) Committee Executive Action - (S) Business, Labor and Economic Affairs
upper
Apr 7, 2025
Committee
(S) Referred to Committee - (S) Business, Labor and Economic Affairs
upper
Apr 4, 2025
Lower · Passed
(H) Committee Report - (H) Business and Labor
lower
Apr 3, 2025
Lower · Passed
(H) Committee Executive Action - (H) Business and Labor
lower
Mar 28, 2025
Committee
(H) Referred to Committee - (H) Business and Labor
lower
Mar 27, 2025
Introduced
(H) Introduced
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Eric Tilleman
RRepublican
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