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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * 320 STATE CAPITOL

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        February 6, 2009

Mr. President:

    The Business and Labor Committee reports a favorable recommendation on S.B. 148, LOW-PROFIT LIMITED LIABILITY COMPANY ACT, by Senator L. Hillyard, with the following amendments:

1.    Page 11, Lines 314 through 317 :    

             314          (c) If a low-profit limited liability company ceases to be a low-profit limited liability
             315      company in accordance with Subsection (2)(a), the company shall:
             316          (i) change its name to conform with Section 48-2c-106 ; and
             317          (ii) amend its articles of organization in accordance with Section

{   48-2c-403   }        48-2c-405       .


        Respectfully,

        John L. Valentine
        Committee Chair

Voting: 4-0-3
3 SB0148.SC1.wpd phildean/PVD PO/AMN 2/6/09 9:18 am

Bill Number
Action Class
Action Code

*SB0148*
*S*
*SCRAMD*

 SB0148
S
SCRAMD