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Title 17 Corporations, Partnerships and Associations

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

17-29-401. Becoming a member.

(a) If a limited liability company is to have only one (1) member upon formation, the person becomes a member as determined by that person and the organizer of the company. That person and the organizer may be, but need not be, different persons. If different, the organizer acts on behalf of the initial member. (b) If a limited liability company is to have more than one (1) member upon formation, those persons become members as agreed by them. The organizer acts on behalf of the persons in forming the company and may be, but need not be, one of the persons. (c) Reserved. (d) After formation of a limited liability company, a person becomes a member: (i) As provided in the operating agreement; (ii) As the result of a transaction effective under article 10 of this chapter; (iii) With the consent of all the members; or (vi) If, within ninety (90) consecutive days after the company ceases to have any members: (A) The last person to have been a member, or the legal representative of that person, designates a person to become a member; and (B) The designated person consents to become a member. (e) A person may become a member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company.

Your change, as a redline

17-29-401. Becoming a member.

(a) If a limited liability company is to have only one (1) member upon formation, the person becomes a member as determined by that person and the organizer of the company. That person and the organizer may be, but need not be, different persons. If different, the organizer acts on behalf of the initial member. (b) If a limited liability company is to have more than one (1) member upon formation, those persons become members as agreed by them. The organizer acts on behalf of the persons in forming the company and may be, but need not be, one of the persons. (c) Reserved. (d) After formation of a limited liability company, a person becomes a member: (i) As provided in the operating agreement; (ii) As the result of a transaction effective under article 10 of this chapter; (iii) With the consent of all the members; or (vi) If, within ninety (90) consecutive days after the company ceases to have any members: (A) The last person to have been a member, or the legal representative of that person, designates a person to become a member; and (B) The designated person consents to become a member. (e) A person may become a member without acquiring a transferable interest and without making or being obligated to make a contribution to the limited liability company.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.

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