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Relating to the acknowledgment of a written instrument on behalf of a limited liability company.
The Legislative Budge Board does not anticipate any significant fiscal impact to the state.
HB 1159 would allow the for the creation of a certificate that would provide documentation in a circumstance where two parties are authorized to exchange an acknowledgement on behalf of a partnership. This certificate would show that an officer has approved their partnership and their attorney, or acting officer will personally appear for the purposes that are expressed in the acknowledgement.
Texas Action is neutral on HB 1159 as it neither advances nor hinders any of our liberty principles.