A 4017
Requires limited liability company to disclose ownership information when submitting deed for recording.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires limited liability companies (LLCs) and foreign LLCs transferring residential real property intended for rental purposes to disclose information about their beneficial owners when recording a deed. Specifically, it mandates the submission of an affidavit containing the registered agent’s information and details for each beneficial owner, including their name, date of birth, address, and a unique identification number. The bill also allows municipalities to convert unpaid housing code charges into liens on the property if the LLC or foreign LLC fails to register.
Sponsors
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Primary sponsor
Alex Sauickie
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