IT PASSED! SB 1300

the Section’s special task force - headed up by former Chair of the Section, Lou Conti (2009-2010) – which has been working on the revisions to Florida’s LLC statute for more than 3 years, scored a big win! On Friday, May 3, after an all-out effort by everyone involved to maintain momentum and get it done this year, the Revised LLC Act was passed as the last bill enacted by the 2013 Florida Legislature with 117 yea and 0 nays in the Florida House!

It was (by all accounts) an extraordinary effort by our sponsors Representative Charles McBurney in the House, and State Senator, David Simmons in the Senate (both of whom were incredibly proactive and out there for us), and by our Lobbying team of Bill Wiley, Aimee Diaz Lyon, and Greg Black.  Huge thanks also goes to the core group of the LLC drafting task force who have literally been working daily since January to ensure passage, including Lou Conti, Greg Marks, Steve Lear, Gary Teblum, Phil Schwartz, Manuel Utset and Brenda Tadlock.

This has been an unforgettable experience for everyone involved, and the leadership of the Section wants to thank all you and all the other Section members involved (too numerous to mention, but no less important to the cause) for your contributions, patience, and good humor when disagreements arose, or times got tough and the hours long.

Chapter 608 LLC Drafting Task Force,chaired by Lou Conti, with the invaluable assistance of our Reporter Greg Marks and our recording secretary Steve Lear, will be holding drafting sessions in connection with our detailed evaluation of wholesale replacement of the Florida Limited Liability Company Act. This Task Force is typical of the long-standing commitment of the BLS to bringing updates and "fixes," as well as occasional entire re-writes of our Florida Business Entity Statutes. The BLS has taken the lead in drafting and seeking enactment of amendments of our Business Corporation Act, our Not- For-Profit Corporation Act, our General Partnership and Limited Partnership Acts, our LLC Act, the Florida Securities and Investor Protection Act, aspects of the Florida Uniform Commercial Code, and various other state statutes like the Trademark Act and the Assignment for Benefit of Creditors statute, which affect the commercial community of Florida. These activities are some of the most rewarding for our membership. CLE credit is available for lawyers who participate in the LLC Drafting Sessions as there is a lot of subject matter expertise communicated in these sessions.