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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...

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...

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...

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...

Limited Partnership Act, Revised

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 Libby Snyder at 312...

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...

Debt-Management Services Act

The Uniform Debt-Management Services Act (UDMSA) provides comprehensive rules for regulation of the credit counseling and debt settlement industries. For further information about the UDMSA please contact ULC Legislative Counsel Kaitlin Wolff at (312) 450-6615 of

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 USTEA modernizes the existing, but outdated, laws governing these types of entities.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...

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...

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,...