2018 Senate Bill 841 / Public Act 131

Revise liability of limited liability partnership partner

Introduced in the Senate

Feb. 22, 2018

Introduced by Sen. Jack Brandenburg (R-8)

To establish that an investor in a limited liability partnership is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the registered limited liability partnership solely by reason of being or acting as a partner.

Referred to the Committee on Finance

March 1, 2018

Reported without amendment

With the recommendation that the bill pass.

March 7, 2018

Passed in the Senate 35 to 0 (details)

Received in the House

March 7, 2018

Referred to the Committee on Commerce and Trade

March 20, 2018

Reported without amendment

Without amendment and with the recommendation that the bill pass.

April 17, 2018

Passed in the House 107 to 1 (details)

To establish that an investor in a limited liability partnership is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the registered limited liability partnership solely by reason of being or acting as a partner.

Signed by Gov. Rick Snyder

May 2, 2018