06RS HB234


WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 234 (BR 157) - S. Brinkman

     AN ACT relating to business organizations.
     Create two new subchapters of KRS Chapter 362, relating to partnerships, to adopt with changes the Uniform Partnership Act, as approved by the National Conference of Commissioners on Uniform State Laws in 1994 and with amendments thereto in 1997, and the Uniform Limited Partnership Act, as approved by the National Conference of Commissioners on Uniform State Laws in 2001; create a new section of KRS Chapter 275, the Kentucky Limited Liability Company Act, to permit the conversion of a limited liability company to a limited partnership; amend KRS 446.010, relating to definitions for the Kentucky Revised Statutes, to provide that the word "partnership" shall include all varieties of both general and limited partnerships, unless otherwise required by the context; amend KRS 365.015, 313.310, 148.851, 164.6011, 274.005, 275.010, 292.310, 342.0011, 67.750, various sections in Title XI, relating to revenue and taxation, and various sections in KRS Chapter 154, relating to state development, to conform; and, effective January 1, 2008, repeal the Uniform Partnership Act, KRS 362.150 to 362.360, the Kentucky Revised Uniform Limited Partnership Act, KRS 362.401 to 362.525, and remaining sections of KRS Chapter 362 relating to registered limited liability partnerships, merger of various partnerships with other business entities, and suits by and against partnerships.


     HCS - Make technical corrections.

     HCA (1, G. Lindsay) - Make technical corrections.

     HFA (1, J. Vincent) - Amend provisions of the bill relating to notice, duty of care, statutory construction, choice of law, ministerial actions of the Secretary of State, naming rights, service of process, reinstatement, partnership formation, actual and apparent authority, partner liability, civil actions by or against partnerships, internal accounting, partnership property, judgments against partnerships, and disassociation.

     HFA (2, S. Brinkman) - Amend to include three new sections setting out the rules for the applicability of the new provisions of the bill to partnerships existing on the bill's effective date and to include transition procedures for partnerships that wish to be governed by the bill's new provisions.

     Jan 5-introduced in House
     Jan 6-to Judiciary (H)
     Jan 23-posted in committee
     Feb 8-reported favorably, 1st reading, to Calendar with Committee Substitute, committee amendment (1)
     Feb 9-2nd reading, to Rules; recommitted to Appropriations and Revenue (H); returned to Rules (H)
     Feb 14-posted for passage in the Regular Orders of the Day for Wednesday, February 15, 2006
     Feb 21-floor amendment (1) filed to Committee Substitute
     Feb 22-floor amendment (2) filed to Committee Substitute
     Feb 27-3rd reading, passed 93-6 with Committee Substitute, floor amendment (2)
     Feb 28-received in Senate
     Mar 2-to Judiciary (S)
     Mar 16-reported favorably, 1st reading, to Consent Calendar
     Mar 17-2nd reading, to Rules
     Mar 21-posted for passage in the Consent Orders of the Day for Wednesday, March 22, 2006
     Mar 22-3rd reading, passed 38-0
     Mar 23-received in House; enrolled, signed by Speaker of the House
     Mar 24-enrolled, signed by President of the Senate; delivered to Governor
     Apr 5-signed by Governor (Acts ch. 149)

Vote History

Kentucky Legislature Home Page | Record Front Page