Monday, March 12, 2018

Alabama Updates its Unincorporated Business Entity Laws


Alabama Updates its Unincorporated Business Entity Laws
      Alabama has adopted significant amendments to its General Partnership Law, its Limited Liability Company Act, its Limited Partnership Law and its law governing Unincorporated Nonprofit Associations.
      Signed by Alabama’s governor on February 22, 2018, the new laws are effective January 1, 2019.
      This new legislation is set forth in H.B. 72, and has been identified as Act 2018-125.

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