FINAL BILL REPORT

                   SB 5109

                           C 21 L 97

                      Synopsis as Enacted

Brief Description:  Dissolving limited liability companies.

Sponsors:  Senators Roach and Johnson.

Senate Committee on Law & Justice

House Committee on Law & Justice

Background:  The Limited Liability Company Act currently provides that a limited liability company is dissolved if the number of its members falls below two and additional members are not admitted within 90 days.

Summary:  Formation and operation of one-member limited liability companies is authorized.

Votes on Final Passage:

Senate 36 13

House     90 5

Effective:  July 27, 1997