Bill > LB40

This bill modifies the Nebraska Uniform Limited Liability Company Act by updating the requirements for publication of notices related to limited liability companies. Specifically, the bill changes the language regarding publication of notices about company organization, amendments, mergers, conversions, and domestication. The key changes include replacing the vague term "some" legal newspaper with "a" legal newspaper of general circulation near the company's designated office, and requiring these notices to be published for three successive weeks. The bill maintains the existing requirement that proof of publication must be filed with the Secretary of State, and includes a provision that validates a company's actions even if the notice is published late, as long as it is eventually published for the required time period. The bill ultimately repeals the original section 21-193 of the Reissue Revised Statutes of Nebraska, replacing it with this updated version that provides more precise language about notice publication requirements for limited liability companies.

Business and Industry

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59460