Missouri legislation · 2025 Regular Session
Missouri HB125: Grants circuit courts the ability to dissolve limited liability companies under certain conditions
Status: In committee, May 15, 2025
What the bill says
From the introduced text:
FIRST REGULAR SESSION HOUSE BILL NO. 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE VEIT. 0186H.01I DANARADEMANMILLER,ChiefClerk To repeal section 347.143, RSMo, and to enact in lieu thereof one new section relating to limited liability companies. Section A. Section 347.143, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 347.143, to read as follows: 347.143. 1. A limited liability company may be dissolved involuntarily by a decree of the circuit court for the county in which the registered office of the limited liability company is situated in an action filed by the attorney general when it is established that the limited liability (2) Has exceeded or abused the authority conferred upon it by law; (3) Has carried on, conducted, or transacted its business in a fraudulent or illegal manner; or (4) By the abuse of its powers contrary to the public policy of the state, has become liable to be dissolved. 2. On application by or for a member, the circuit court for the county in which the registered office of the limited liability company is located may decree dissolution of a limited liability company [whenever] if the court determines: (1) It is not reasonably practicable to carry on the business in conformity with the operating agreement; (2) Dissolution is reasonably necessary for the protection …
Sponsors
- Rudy Veit (R, 059) · primary sponsor
Latest actions
- : Action Postponed (H)
- : Referred: Rules - Legislative(H)
- : Reported Do Pass (H) - AYES: 11 NOES: 0 PRESENT: 0
- : Voted Do Pass (H)
- : Executive Session Completed (H)
- : Public Hearing Completed (H)
- : Referred: Economic Development(H)
- : Read Second Time (H)
- : Read First Time (H)
- : Prefiled (H)
Votes
- Reported Do Pass (H) (March 12, 2025): 11 yea, 0 nay, passed
Common questions
- What is HB125?
- HB125 is a bill in the Missouri Legislature (2025 Regular Session): Grants circuit courts the ability to dissolve limited liability companies under certain conditions.
- What is the status of HB125?
- In committee as of May 15, 2025. Latest action: Action Postponed (H) (May 15, 2025).
- Who sponsored HB125?
- Rudy Veit (R, 059).
- Where is the official record for HB125?
- On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB125&year=2025&code=R
Source: official Missouri record. Tracked by Delilah, AI for legislation across all 50 states and Congress.