Enrolled SB 141: Relating to limited liability companies.

00Enrolled SB 141 01 Relating to limited liability companies. 02 _______________ 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 AS 10.50.150(d) is repealed.