Bill Status of HB3499 101st General Assembly
Short Description: HOME WARRANTY LIABILITY
Rep. Natalie A. Manley
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Business Corporation Act of 1983, the Limited Liability Company Act, and the Uniform Limited Partnership Act (2001). Provides that a director, officer, member, manager. general partner, or person dissociated as a general partner of a business entity remains liable, after dissolution of the entity, to a home buyer for any obligation arising under a warranty provided by the entity to the home buyer in conjunction with the sale of a new home.