New York S 6483: Eliminates certain publication requirements for limited liability companies and limited liability partnerships; repealer

Bill Text

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S06483 Summary:

BILL NOS06483 

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SAME ASSAME AS A03546

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SPONSORKRUEGER

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COSPNSRLIU, SUTTON, WEBER

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MLTSPNSR

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Amd §§1006, 209, 802, 1203, 1306 & 1101, rpld §206, §1101 sub (s), §802 sub (b), §1203 sub (c) ¶2, §1306 sub
(d), §102 subs (a-1) & (e-1), Lim Lil L; rpld §121-201 sub (c), §121-902 sub (d), §121-1500 sub (a) ¶(II),
§121-1502 sub (f) ¶(II), §121-1300 sub (f), §121-101 subs (a-1) & (a-2), amd §§121-201, 121-902, 121-1500,
121-1502 & 121-1300, Partn L; rpld §23.03 sub 4, Arts & Cul L; add §89-l, St Fin L

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Eliminates the requirement that limited liability companies publish their articles of organization and that certain partnerships publish their registrations; establishes the department of state modernization fund.

Go to top S06483 Actions:

BILL NOS06483 

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03/14/2025REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

01/07/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Go to topS06483 Committee&nbspVotes:

Go to topS06483 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS06483 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6483

 2025-2026 Regular Sessions

 IN SENATE

 March 14, 2025
 ___________

 Introduced by Sens. KRUEGER, HOYLMAN-SIGAL, LIU -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Corporations, Authorities and Commissions

 AN ACT to amend the limited liability company law and the partnership
 law, in relation to certain publication requirements and fees; to
 amend the state finance law, in relation to establishing the depart-
 ment of state modernization fund; to repeal subdivision (a-1) of
 section 102 and section 206 of the limited liability company law and
 subdivision (a-1) of section 121-101 of the partnership law, relating
 to affidavits of publication; to repeal subdivision (s) of section
 1101 of the limited liability company law and subdivision (f) of
 section 121-1300 of the partnership law, relating to fees for filing
 certificates of publication; to repeal subdivision (b) of section 802,
 paragraph 2 of subdivision (c) of section 1203 and subdivision (d) of
 section 1306 of the limited liability company law and subdivision (c)
 of section 121-201, subdivision (d) of section 121-902, paragraph (II)
 of subdivision (a) of section 121-1500 and paragraph (II) of subdivi-
 sion (f) of section 121-1502 of the partnership law, in relation to
 publication requirements; to repeal subdivision (e-1) of section 102
 of the limited liability company law and subdivision (a-2) of section
 121-101 of the partnership law, relating to certificates of publica-
 tion; and to repeal subdivision 4 of section 23.03 of the arts and
 cultural affairs law, relating to theatrical production company publi-
 cation requirements

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The opening paragraph of subdivision (e) of section 1006 of
 2 the limited liability company law, as amended by chapter 375 of the laws
 3 of 1998, is amended to read as follows:
 4 In connection with any conversion approved under subdivision (c) of
 5 this section, the partnership or limited partnership shall file with the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07035-01-5

 S. 6483 2

 1 department of state a signed certificate entitled "Certificate of
 2 Conversion of ... (name partnership or limited partnership) to ... (name
 3 of limited liability company) under section one thousand six of the
 4 Limited Liability Company Law" [and shall also satisfy the publication
 5 requirements of section two hundred six of this chapter]. Such certif-
 6 icate shall include either:
 7 § 2. Section 206 of the limited liability company law is REPEALED.
 8 § 3. Subdivision (s) of section 1101 of the limited liability company
 9 law is REPEALED.
 10 § 4. Section 209 of the limited liability company law is amended to
 11 read as follows:
 12 § 209. Filing with the department of state. (a) A signed articles of
 13 organization and any signed certificate of amendment