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2018 Senate Bill 841: Revise liability of limited liability partnership partner

Public Act 131 of 2018

Introduced by Sen. Jack Brandenburg R-Harrison Township on February 22, 2018
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.   Official Text and Analysis.
Referred to the Senate Finance Committee on February 22, 2018
Reported in the Senate on March 1, 2018
With the recommendation that the bill pass.
Received in the House on March 7, 2018
Referred to the House Commerce and Trade Committee on March 7, 2018
Reported in the House on March 20, 2018
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on May 2, 2018