Assembly

Record of Committee Proceedings

Committee on Judiciary

Assembly Bill 854

Relating to: adopting revisions to the state's uniform limited partnership law and the state's limited liability company law; making modifications to the state's uniform partnership law; procedures applicable to business corporations and nonstock corporations; certificates of authority of service insurance corporations; providing an exemption from emergency rule procedures; granting rule-making authority; and providing a penalty.

By Representatives Tusler, Hebl and Katsma; cosponsored by Senators LeMahieu, Risser and Marklein.

February 03, 2020       Referred to Committee on Judiciary

February 06, 2020       Public Hearing Held

Present:       (8)        Representative Ott; Representatives Horlacher, Thiesfeldt, Brooks, Sanfelippo, Kerkman, Anderson and Hebl.

Absent:       (0)        None.

Excused:     (1)        Representative Cabrera.

Appearances For

·      Joe Boucher - State Bar of WI Business Law

·      Randal  Brotherhood - State Bar of WI Bus. Law

·      Adam J.  Tutaj - State Bar of WI Business Law Section

·      Thomas J.  Nichols - State Bar of WI Business Law Section

·      Senator Devin  LeMahieu

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Rep.  Tusler, bill's author

·      Libby  Snyder - Uniform Law Commission

Registrations Against

·      None.

Registrations for Information Only

·      None.

February 18, 2020       Executive Session Held

Present:       (9)        Representative Ott; Representatives Horlacher, Thiesfeldt, Brooks, Tusler, Kerkman, Anderson, Hebl and Cabrera.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Representative Kerkman, seconded by Representative Horlacher that Assembly Bill 854 be recommended for passage.

Ayes:     (9)     Representative Ott; Representatives Horlacher, Thiesfeldt, Brooks, Tusler, Kerkman, Anderson, Hebl and Cabrera.

Noes:     (0)     None.

PASSAGE RECOMMENDED, Ayes 9, Noes 0

______________________________

Virginia Mueller

Committee Clerk