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Act/Committee
Protected Series Act

The Uniform Protected Series Act (UPSA) provides a comprehensive framework for the formation and operation of a protected series limited liability company. A protected series LLC has both “horizontal” liability shields as well as the standard “vertical” liability shield. The “horizontal” shields...


Act/Committee
Business Organizations Code

The Uniform Business Organizations Code (UBOC) offers an integrated, organized statutory structure for uniform unincorporated business and nonprofit entity acts. The UBOC uses the same hub-and-spoke structure used in the Uniform Commercial Code. Article 1 of the UBOC is the “Hub,” which contains...


Act/Committee
Registered Agents Act

The Model Registered Agents Act (MRAA) provides states with one registration procedure for registered agents no matter the kind of business entity represented by the agent, simplifying registration procedures by providing one registered agent database in each state. For further information...


Act/Committee
Partnership Act

The Uniform Partnership Act of 1997 (UPA) modernizes the Uniform Partnership Act of 1914, adopted in every state except Louisiana. It establishes a partnership as a separate legal entity, and not merely as an aggregate of individual partners. For further information about the UPA, please...


Act/Committee
Statutory Trust Entity Act

The Uniform Statutory Trust Entity Act (USTEA) governs the use of statutory trusts as a mode of business organization. USTEA modernizes the existing, but outdated, laws governing these types of entities. For further information about the USTEA, please contact ULC Legislative Counsel Libby...


Act/Committee
Limited Liability Company Act, Revised

The Revised Uniform Limited Liability Company Act (RULLCA), a revision of the 1996 act, permits the formation of limited liability companies (LLCs), which provide the owners with the dual advantages of corporate-type limited liability and partnership tax treatment. The 2011 and 2013 amendments,...


Act/Committee
Business Organizations Code, Article 1 (Hub)

Article 1 of the Uniform Business Organizations Code (UBOC) is often referred to as the “Hub” of the UBOC. The UBOC harmonizes the language of all of the uniform unincorporated entity acts (Uniform Partnership Act, Uniform Limited Partnership Act, Uniform Limited Liability Company Act, Model...


Act/Committee
Entity Transactions Act

The Model Entity Transactions Act (META) allows conversion of one kind of business organization to another, or the merger of two or more business organizations into one organization. For further information about META, please contact ULC Legislative Counsel Libby Snyder at 312-450-6619 or...


Act/Committee
Unincorporated Nonprofit Association Act

The Uniform Unincorporated Nonprofit Association Act (UUNAA) governs all unincorporated nonprofit associations that are formed or operate in a state that adopts the act. For further information about the UUNAA, please contact ULC Legislative Counsel Libby Snyder at 312-450-6619 or lsnyder...


Act/Committee
Limited Cooperative Association Act

The Uniform Limited Cooperative Association Act (ULCAA) creates a new form of business entity, the limited cooperative association, an alternative to other cooperative and unincorporated structures. For further information about enacting ULCAA, please contact ULC Legislative Counsel Libby...