Montana – HB 362, effective October 1, allows the creation of Series LLC

July 25, 2013

House Bill 362 (Chapter 183) signed by the governor April 12 and effective October 1 amends the LLC laws to permit creation of Series LLC with a group or collection of members who share interests and have separate rights, powers or duties with respect to property, obligations or profits and losses associated with property or obligations and who are specified in the formation document or LLC operating agreement. 

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