H.B. 07-1135 Business entities - merger- conversion - annual reports. Clarifies merger and conversion provisions, consolidation provisions for cooperatives, and share exchange provisions for corporations.
Changes, in certain instances, the term "principal office address" to "principal address" to cover individuals and persons.
Establishes that a member of a limited liability company ceases to be a member upon assignment or transfer of all the member's membership interest.
After July 27, 2009, allows a limited partnership to elect to be a reporting entity. Requires a new limited partnership to file an annual report.
APPROVED by Governor March 26, 2007
EFFECTIVE May 29, 2007
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