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HB 195: "An Act relating to limited liability companies."

00 HOUSE BILL NO. 195 01 "An Act relating to limited liability companies." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 10.50.010 is amended to read: 04 Sec. 10.50.010. Authorized purposes. A limited liability company may be 05 organized under this chapter for any lawful purpose, including the rendering of a 06 professional service. 07 * Sec. 2. AS 10.50.150(c) is amended to read: 08 (c) Notwithstanding (a) and (b) of this section, and unless otherwise provided 09 [ANOTHER LEVEL OF MEMBER CONSENT IS REQUIRED] in an operating 10 agreement of the company or in the company's articles of organization, the written 11 consent of all of the members of a limited liability company is required to 12 (1) amend the articles of organization; 13 (2) amend an operating agreement of the company; or 14 (3) authorize a manager or member to perform an act on behalf of the 15 company that contravenes an operating agreement of the company, including an act

01 that contravenes a provision of the operating agreement that expressly limits the 02 purposes, affairs, or conduct of the affairs of the company. 03 * Sec. 3. AS 10.50.990 is amended by adding a new paragraph to read: 04 (18) "professional service" has the meaning given in AS 10.45.500. 05 * Sec. 4. AS 10.50.150(d) is repealed.