ULC

Legislative Fact Sheet - Article 1 of the Uniform Business Organizations Code (UBOC Hub) (2011) (Last Amended 2013)

Act Article 1 of the Uniform Business Organizations Code (UBOC Hub) (2011) (Last Amended 2013)
Origin Completed by the Uniform Law Commission in 2011, amended in 2013.
Description 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 Entity Transactions Act, Model Registered Agents Act, Uniform Limited Cooperative Association Act, Uniform Unincorporated Nonprofit Association Act, and Uniform Statutory Trust Entity Act). The UBOC is based on a “Hub and Spoke” model in which provisions common to all the individual statutes are placed in the Hub and the other provisions remain in the individual entity acts, which are the Spokes. The Hub was tentatively approved in 2009 and formally approved in 2011. Additional amendments recommended by the Harmonization project drafting committee were approved in 2013.
Endorsements
Enactments District of Columbia, Idaho, Indiana, Washington
2017 Introductions
Staff Liaison(s) Kaitlin Wolff, Brian Lewis