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 Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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 Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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, enacted as part of the Harmonization of Business Entity Acts project, updated and harmonized the language in this act with similar provisions in other uniform and model unincorporated entity acts to enable the adoption of multiple acts in a single statute. For further information about enacting RULLCA please contact ULC Legislative Counsel Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
The Uniform Limited Partnership Act (ULPA) provides a more flexible and stable basis for the organization of limited partnerships, helping states stimulate new partnership business ventures. For further information about enacting ULPA, please contact ULC Legislative Counsel Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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 contact ULC Legislative Counsel Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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 protect each protected series (and its assets) from automatic, vicarious liability for the debts of the company and for the debts of any other protected series of the company. For further information about UPSA please contact ULC Legislative Counsel Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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 about the MRAA, please contact ULC Legislative Counsel Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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 Kari Bearman at 312-450-6617 or kbearman@uniformlaws.org.
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Uniform Law Commission The Uniform Law Commission (ULC, also known as the National Conference of Commissioners on Uniform State Laws), established in 1892, provides states with non-partisan, well-conceived and well-drafted legislation that brings clarity and stability to critical areas of state statutory law.