Modernized Alabama Partnership Act on governor’s desk

Legislation that would bring Alabama’s laws relating to general partnerships more closely into line with other states is on Gov. Kay Ivey’s desk.

The Alabama Senate gave final approval Tuesday, Feb. 13, to HB72 by Rep. Bill Poole, R–Tuscaloosa. If the governor signs the bill into law, it amends the current fee schedule and requirements for filing annual reports effective Jan. 1, 2019.

The Alabama Law Institute legislation will ease doing business across state lines both for in-state and out-of-state businesses. It repeals and replaces the Alabama Partnership Act.

The companion legislation was SB133 by Sen. Arthur Orr, R-Decatur.

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