Bill Text: TX HB1624 | 2013-2014 | 83rd Legislature | Comm Sub

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Bill Title: Relating to the assumed name of a series limited liability company.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2013-06-14 - Effective on 9/1/13 [HB1624 Detail]

Download: Texas-2013-HB1624-Comm_Sub.html

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By: Cortez (Senate Sponsor - Van de Putte) H.B. No. 1624
(In the Senate - Received from the House April 29, 2013;
April 30, 2013, read first time and referred to Committee on
Business and Commerce; May 7, 2013, reported favorably by the
following vote: Yeas 7, Nays 0; May 7, 2013, sent to printer.)

A BILL TO BE ENTITLED
AN ACT
relating to the assumed name of a series limited liability company.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 71.002(2), Business & Commerce Code, is
amended to read as follows:
(2) "Assumed name" means:
(A) for an individual, a name that does not
include the surname of the individual;
(B) for a partnership, a name that does not
include the surname or other legal name of each joint venturer or
general partner;
(C) for an individual or a partnership, a name,
including a surname, that suggests the existence of additional
owners by including words such as "Company," "& Company," "& Son,"
"& Sons," "& Associates," "Brothers," and similar words, but not
words that merely describe the business being conducted or the
professional service being rendered;
(D) for a limited partnership, a name other than
the name stated in its certificate of formation;
(E) for a company, a name used by the company;
(F) for a corporation, a name other than the name
stated in its certificate of formation or a comparable document;
(G) for a limited liability partnership, a name
other than the name stated in its application filed with the office
of the secretary of state or a comparable document; and
(H) for a limited liability company, a name other
than the name stated in its certificate of formation or a comparable
document, including the name of any series of the limited liability
company established by its company agreement.
SECTION 2. This Act takes effect September 1, 2013.
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