---
type: "Bill"
title: "Revise business laws relating to conversion of certain business entities"
description: "Revise business laws relating to conversion of certain business entities"
jurisdiction: "us/states/mt"
legislature: "Montana Legislature"
session: "2025"
identifier: "HB 463"
citation: "Montana HB 463 (2025)"
classification: ["bill"]
subjects: ["Economic Development"]
status: "enacted"
primary_sponsors: ["Steve Fitzpatrick"]
version_count: 56
action_count: 37
vote_count: 7
first_action: "2024-12-08T02:31:53+00:00"
last_action: "2025-05-05T16:10:54+00:00"
source: "openstates"
source_identifier: "ocd-bill/df7dba95-c474-4cd2-ae17-e18a0f6a80d1"
source_url: "https://bills.legmt.gov/#/laws/bill/2/LC2356?open_tab=sum"
source_hash: "ce1c6a1b34ad2b563f0dc02a8934c79230c0c28cf3b254995c76a44d07ee49d5"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mt"]
---

# Montana HB 463 (2025) — Revise business laws relating to conversion of certain business entities

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB0463.001.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288029)
2. **HB0463.002.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=290403)
3. **HB0463.002.001_Amendments-in-Context_final-not condensed.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=290409)
4. **HB0463_1(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=282040)
5. **HB0463_1(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288684)
6. **HB0463_1(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288685)
7. **HB0463_1(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288686)
8. **HB0463_1(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288687)
9. **HB0463_1.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=281329)
10. **HB0463_2(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288689)
11. **HB0463_2(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288810)
12. **HB0463_2(11).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288811)
13. **HB0463_2(12).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288812)
14. **HB0463_2(13).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288843)
15. **HB0463_2(14).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291045)
16. **HB0463_2(15).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291046)
17. **HB0463_2(16).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291047)
18. **HB0463_2(17).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291048)
19. **HB0463_2(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288693)
20. **HB0463_2(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288694)
21. **HB0463_2(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288778)
22. **HB0463_2(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288779)
23. **HB0463_2(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288785)
24. **HB0463_2(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288801)
25. **HB0463_2(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288802)
26. **HB0463_2(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288805)
27. **HB0463_2.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288688)
28. **HB0463_3(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291050)
29. **HB0463_3(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=307822)
30. **HB0463_3(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291052)
31. **HB0463_3(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291053)
32. **HB0463_3(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291065)
33. **HB0463_3(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291067)
34. **HB0463_3(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291068)
35. **HB0463_3(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=292271)
36. **HB0463_3(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=295450)
37. **HB0463_3(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=307821)
38. **HB0463_3.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=291049)
39. **HB0463_X(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=307824)
40. **HB0463_X(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=320411)
41. **HB0463_X(11).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=321511)
42. **HB0463_X(12).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=321512)
43. **HB0463_X(13).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=321513)
44. **HB0463_X(14).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=324668)
45. **HB0463_X(15).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=326572)
46. **HB0463_X(16).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=327693)
47. **HB0463_X(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=307826)
48. **HB0463_X(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=308750)
49. **HB0463_X(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=308751)
50. **HB0463_X(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=308752)
51. **HB0463_X(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=308756)
52. **HB0463_X(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=308757)
53. **HB0463_X(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=310896)
54. **HB0463_X(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=316835)
55. **HB0463_X.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=307823)
56. **LC2356.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=280748)

## Votes

- Do Pass As Amended — **98–1** (pass) · lower
- be_concurred_in — **11–0** (pass) · upper
- do_pass_as_amended — **20–0** (pass) · lower
- Do Concur — **50–0** (pass) · upper
- Do Pass — **99–0** (pass) · lower
- AMD-HB0463.002.001 Fitzpatrick S DO PASS — **100–0** (pass) · lower
- Do Concur — **49–0** (pass) · upper

## Sponsors

- Steve Fitzpatrick — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-12-08T02:31:53+00:00** (LC) Drafter Assigned
- **2024-12-08T02:31:53+00:00** (LC) Draft On Hold
- **2025-02-06T03:11:33+00:00** (LC) Draft in Legal Review
- **2025-02-06T13:23:30+00:00** (LC) Draft in Edit
- **2025-02-11T15:31:29+00:00** (LC) Draft in Input/Proofing
- **2025-02-11T17:50:42+00:00** (LC) Draft in Final Drafter Review
- **2025-02-11T18:09:16+00:00** (LC) Draft in Assembly
- **2025-02-12T16:14:46+00:00** (LC) Draft Ready for Delivery
- **2025-02-12T19:09:19+00:00** (LC) Draft Delivered to Requester
- **2025-02-12T19:10:00+00:00** (H) Introduced
- **2025-02-13T18:07:07+00:00** (H) Referred to Committee - (H) Business and Labor `referral-committee`
- **2025-02-13T19:41:47+00:00** (H) First Reading `reading-1`
- **2025-02-14T19:11:04+00:00** (H) Hearing - (H) Business and Labor
- **2025-02-26T19:38:35+00:00** (H) Committee Executive Action--Bill Passed as Amended - (H) Business and Labor `committee-passage`
- **2025-02-26T22:23:00+00:00** (H) Committee Report--Bill Passed as Amended - (H) Business and Labor `committee-passage`
- **2025-03-01T20:00:00+00:00** (H) Scheduled for 2nd Reading `reading-2`
- **2025-03-01T21:55:00+00:00** (H) 2nd Reading Motion to Amend Carried `reading-2`
- **2025-03-01T21:56:00+00:00** (H) 2nd Reading Passed as Amended `reading-2, reading-2`
- **2025-03-04T20:00:00+00:00** (H) Scheduled for 3rd Reading `reading-3`
- **2025-03-04T20:15:00+00:00** (H) 3rd Reading Passed `passage, reading-3`
- **2025-03-04T21:23:56+00:00** (H) Transmitted to Senate
- **2025-03-05T15:21:00+00:00** (S) First Reading `reading-1`
- **2025-03-05T15:28:07+00:00** (S) Referred to Committee - (S) Business, Labor and Economic Affairs `referral-committee`
- **2025-03-15T16:32:13+00:00** (S) Hearing - (S) Business, Labor and Economic Affairs
- **2025-03-19T18:16:51+00:00** (S) Committee Executive Action--Bill Concurred - (S) Business, Labor and Economic Affairs
- **2025-03-20T21:55:00+00:00** (S) Committee Report--Bill Concurred - (S) Business, Labor and Economic Affairs
- **2025-04-08T19:00:00+00:00** (S) Scheduled for 2nd Reading `reading-2`
- **2025-04-08T20:18:00+00:00** (S) 2nd Reading Concurred `reading-2, reading-2`
- **2025-04-09T19:00:00+00:00** (S) Scheduled for 3rd Reading `reading-3`
- **2025-04-09T19:28:00+00:00** (S) 3rd Reading Concurred `passage, reading-3`
- **2025-04-09T19:30:45+00:00** (H) Sent to Enrolling
- **2025-04-11T17:42:27+00:00** (H) Returned from Enrolling
- **2025-04-18T21:00:00+00:00** (H) Signed by Speaker `passage`
- **2025-04-22T13:30:24+00:00** (S) Signed by President `passage`
- **2025-04-22T18:10:24+00:00** (H) Transmitted to Governor `executive-receipt`
- **2025-05-01T21:14:29+00:00** (H) Signed by Governor `executive-signature`
- **2025-05-05T16:10:54+00:00** Chapter Number Assigned `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/df7dba95-c474-4cd2-ae17-e18a0f6a80d1`. Confidence: reported (aggregated from official Montana legislature records).