relative to professional limited liability company (PLLC) assistant manager status.
This bill updates the rules for professional limited liability companies in New Hampshire by formally recognizing the role of an assistant manager. It requires that company managers and most officers be qualified professionals, while specifically allowing a single-member LLC to designate an assistant manager to step in and manage the business for up to one year if the primary manager dies, becomes incapacitated, or loses eligibility. The law permits this arrangement unless the company's operating agreement states otherwise, ensuring business continuity during leadership transitions. These changes take effect 60 days after the bill is passed.
Bill status
passed
3 of 5 stages cleared
Introduction
Nov 2023
Committee Review
May 2024
House Passage
Mar 2024
Senate Passage
Governor
Introduced Nov 28, 2023
Last action May 22, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
12
Key actions
3
Committee
4
Amendments
1
May 15, 2024
Committee
Committee Report: Referred to Interim Study, 05/22/2024; Vote 5-0; CC; SC 20
upper
Mar 26, 2024
Introduced
Introduced 03/21/2024 and Referred to Commerce; SJ 8
upper
Mar 21, 2024
Lower · Passed
Ought to Pass with Amendment 2024-1060h: MA VV 03/21/2024 HJ 9 P. 83
lower
Mar 21, 2024
Introduced
Amendment # 2024-1060h: AA VV 03/21/2024 HJ 9 P. 83
lower
Mar 15, 2024
Lower · Passed
Committee Report: Ought to Pass with Amendment # 2024-1060h 03/13/2024 (Vote 16-4; RC)
lower
Feb 27, 2024
Lower · Passed
Subcommittee Work Session: 03/05/2024 09:00 am LOB 212
lower
Nov 28, 2023
Introduced
Introduced 01/03/2024 and referred to Judiciary
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Eric Turer
DDemocratic
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