HB 346 – AS AMENDED BY THE HOUSE
21Mar2013… 0722h
2013 SESSION
03/05
HOUSE BILL 346
AN ACT establishing a committee to study low-profit limited liability companies.
SPONSORS: Rep. Gagnon, Sull 5; Sen. Carson, Dist 14
COMMITTEE: Commerce and Consumer Affairs
This bill establishes a committee to study low-profit limited liability companies.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
21Mar2013… 0722h
13-0123
03/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT establishing a committee to study low-profit limited liability companies.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Committee Established. There is established a committee to study low-profit limited liability companies.
2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Four members of the house of representatives, appointed by the speaker of the house of representatives.
(b) One member of the senate, appointed by the president of the senate.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
3 Duties. The committee shall study the desirability of allowing companies with charitable or educational purposes to register and designate themselves as low-profit limited liability companies.
4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Three members of the committee shall constitute a quorum.
5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2013.
6 Effective Date. This act shall take effect upon its passage.