# Montana HB 463: Revise business laws relating to conversion of certain business entities Montana HB 463, Revise business laws relating to conversion of certain business entities, is a 69th Legislature, Regular Session (2025) House bill sponsored by Steve Fitzpatrick (Republican); status signed, last action 2025-05-05 (Chapter Number Assigned) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MT-HB463-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Montana HB 463 - State: Montana - Session: 69th Legislature, Regular Session (2025) - Title: Revise business laws relating to conversion of certain business entities - Status: signed - Chamber: House - Introduced: 2025-02-12 - Last action: 2025-05-05, Chapter Number Assigned - Sponsor: Steve Fitzpatrick (Republican) - Cosponsors: 1 - Subjects: Economic Development - Touches household money: no - Roll calls: 5 (396 yes, 1 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - After conversion, rights and debts continue: benefit, low. When the conversion takes effect, all property, contracts, debts, and other obligations stay with the new entity without a transfer. The converted business is the same legal entity and keeps the LLC’s original formation date. A conversion does not dissolve the LLC or require winding up. If someone… - Montana LLCs can become corporations or LLPs: benefit, low. The law lets a Montana LLC convert into a Montana corporation or a limited liability partnership. Members must approve the written plan as the operating agreement requires, or unanimously. Anyone who would gain personal interest‑holder liability must separately sign a written consent before the con… - Steps and filings to convert your LLC: mixed, low. The plan of conversion must be in writing and explain what each member or transferee gets (new interests, cash, or other pay). It must list both entity names, the new entity’s type and state, and include the full post‑conversion governing documents. After approval, the LLC files articles of convers… ## Sponsors and cosponsors - Sponsor: Steve Fitzpatrick (Republican), House - Cosponsor: Willis Curdy (Democrat), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-09 | Senate | Do Concur | pass | 49 | 0 | | | 2025-04-08 | Senate | Do Concur | pass | 50 | 0 | | | 2025-03-04 | House | Do Pass | pass | 99 | 0 | | | 2025-03-01 | House | Do Pass As Amended | pass | 98 | 1 | | | 2025-03-01 | House | AMD-HB0463.002.001 Fitzpatrick S DO PASS | pass | 100 | 0 | | ## Actions (24) - 2025-05-05: Chapter Number Assigned (House) - 2025-05-01: Signed by Governor (House) - 2025-04-22: Transmitted to Governor (House) - 2025-04-22: Signed by President (Senate) - 2025-04-18: Signed by Speaker (House) - 2025-04-11: Returned from Enrolling (House) - 2025-04-09: Sent to Enrolling (House) - 2025-04-09: 3rd Reading (Senate) - 2025-04-08: 2nd Reading (Senate) - 2025-03-20: Committee Report (Senate) - 2025-03-19: Committee Executive Action (Senate) - 2025-03-15: Hearing (Senate) - 2025-03-05: Referred to Committee (Senate) - 2025-03-05: 1st Reading (Senate) - 2025-03-04: Transmitted to Senate (House) - 2025-03-04: 3rd Reading (House) - 2025-03-01: 2nd Reading (House) - 2025-03-01: 2nd Reading Motion to Amend (House) - 2025-02-26: Committee Report (House) - 2025-02-26: Committee Executive Action (House) - 2025-02-14: Hearing (House) - 2025-02-13: 1st Reading (House) - 2025-02-13: Referred to Committee (House) - 2025-02-12: Introduced (House) ## Bill text - Enrolled, 2025-04-10: [PDF](https://docs.legmt.gov/download-ticket?ticketId=48d3049c-cebb-49b0-bf3c-cc1197697550) - As Amended (Version 3), 2025-03-01: [PDF](https://docs.legmt.gov/download-ticket?ticketId=874caa84-5682-46a8-a56b-82177a264c7e) - As Amended (Version 2), 2025-02-26: [PDF](https://docs.legmt.gov/download-ticket?ticketId=304ef730-4204-4790-8baa-987067a6b5cf) - Introduced, 2025-02-12: [PDF](https://docs.legmt.gov/download-ticket?ticketId=10ab0bc4-855a-4511-9c83-5474070fd318) ## Related bills - SB 437: Revise definition of sex in Montana law (signed) - HB 831: Increase elderly homeowner and renter income tax credit (vetoed) - HB 628: Revise early literacy targeted intervention laws (vetoed) - SB 410: Provide for Montana genomic security act (vetoed) - SB 424: Revising the disabled veteran property tax assistance program (vetoed) - SB 422: Generally revise laws relating to insurance coverage relating to cancer (vetoed) ## Sources - [Enrolled (PDF)](https://docs.legmt.gov/download-ticket?ticketId=48d3049c-cebb-49b0-bf3c-cc1197697550) - [As Amended (Version 3) (PDF)](https://docs.legmt.gov/download-ticket?ticketId=874caa84-5682-46a8-a56b-82177a264c7e) - [As Amended (Version 2) (PDF)](https://docs.legmt.gov/download-ticket?ticketId=304ef730-4204-4790-8baa-987067a6b5cf) - [Introduced (PDF)](https://docs.legmt.gov/download-ticket?ticketId=10ab0bc4-855a-4511-9c83-5474070fd318) ## Related - [SB 437: Revise definition of sex in Montana law](https://policyrisk.com/state-bill/MT-SB437-2025) - [HB 831: Increase elderly homeowner and renter income tax credit](https://policyrisk.com/state-bill/MT-HB831-2025) - [HB 628: Revise early literacy targeted intervention laws](https://policyrisk.com/state-bill/MT-HB628-2025) - [SB 410: Provide for Montana genomic security act](https://policyrisk.com/state-bill/MT-SB410-2025) - [SB 424: Revising the disabled veteran property tax assistance program](https://policyrisk.com/state-bill/MT-SB424-2025) - [SB 422: Generally revise laws relating to insurance coverage relating to cancer](https://policyrisk.com/state-bill/MT-SB422-2025) - [Montana bills](https://policyrisk.com/states/montana/bills) - [Montana state hub](https://policyrisk.com/states/montana) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MT-HB463-2025 (as of 2026-10-19).