Assembly
Record of Committee Proceedings
Committee on Financial Institutions
Assembly Bill 566
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, Brooks, Cabral-Guevara, Dittrich, Goyke, Hebl, Knodl, Macco, Rozar and Skowronski; cosponsored by Senators Wimberger and L. Taylor.
September 17, 2021 Referred to Committee on Financial Institutions
October 21, 2021 Public Hearing Held
Present: (8) Representative Duchow; Representatives Katsma, Allen, Murphy, Horlacher, Doyle, B. Meyers and Brostoff.
Absent: (0) None.
Excused: (1) Representative Petryk.
Appearances For
· Senator Eric Wimberger - 30th Senate District
· Representative Ron Tusler - 3rd Assembly District
· Libby Synder - Uniform Law Commission
· Joe Boucher - WICPA & State Bar Business Law
· Tom Nichols - WICPA & State Bar of Wisconsin
· Andrew Parrish - Wisconsin State Bar Business Law Section
· Randal Brotherhood - State Bar of Wisconsin
· Adam Tutaj - State Bar of Wisconsin
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Cale Battles - State Bar of Wisconsin Business Law
· Tammy Hofstede - WICPA
· Alice O'Connor - WICPA
Registrations Against
· None.
Registrations for Information Only
· Administrator Patti Epstein - Wisconsin DFI- Division of Corporate and Consumer Services
January 26, 2022 Executive Session Held
Present: (9) Representative Duchow; Representatives Katsma, Allen, Murphy, Petryk, Horlacher, Doyle, Brostoff and Andraca.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Katsma, seconded by Representative Brostoff that Assembly Bill 566 be recommended for passage.
Ayes: (9) Representative Duchow; Representatives Katsma, Allen, Murphy, Petryk, Horlacher, Doyle, Brostoff and Andraca.
Noes: (0) None.
PASSAGE RECOMMENDED, Ayes 9, Noes 0
______________________________
Dan Hubert
Committee Clerk
