Today Sen. Lyle Hillyard introduced S.B. 256 to the State Legislature which if passed (as expected) will extend the effective date of the new partnership and LLC acts from July 1, 2012 to July 1, 2013. You can look at the language of the bill via the link below. We have been told that the purpose of the delay is to provide the legislature more time to draft additional amendments to the partnership acts to harmonize them with the new Utah Revised Uniform Limited Liability Company Act. Stay tuned... we'll update you as more information becomes available.
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Comments (1)
The dates in the proposed amendments to Sec. 48-2d-1205(4) are wrong. Those dates should be January 1, 2015.
Posted by Damon Coombs | February 13, 2012 7:59 AM
Posted on February 13, 2012 07:59