---
type: "Bill"
title: "Low-Profit Limited Liability Company."
description: "Low-Profit Limited Liability Company."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2009"
identifier: "SB 308"
citation: "North Carolina SB 308 (2009)"
classification: ["bill"]
subjects: ["CLOTHING", "COMMERCE", "CORPORATIONS", "FOR-PROFIT", "ECONOMIC DEVELOPMENT", "FISCAL NOTES", "FURNITURE", "INCORPORATION", "MANUFACTURING", "PRESENTED", "PUBLIC", "RATIFIED", "RETAILING", "SECRETARY OF STATE", "TAX REFUNDS", "TAXATION", "TAXES", "SALES & USE", "TEXTILES", "TITLE CHANGE", "CHAPTERED", "SEN. JACUMIN"]
status: "enacted"
primary_sponsors: []
version_count: 6
action_count: 21
vote_count: 2
first_action: "2009-02-25"
last_action: "2010-08-03"
source: "openstates"
source_identifier: "ocd-bill/9fc536ae-c3c4-4729-bd2b-de27c7372dc3"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2009&BillID=S308&votesToView=all"
source_hash: "9b4e37f10b0c69c26052d4f1dea6a6f86a3e0bcd0220a6b125ec33a1448f81d2"
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-nc"]
---

# North Carolina SB 308 (2009) — Low-Profit Limited Liability Company.

## Version chain

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

1. **Filed** (filed) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S308v0.pdf)
2. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S308v1.pdf)
3. **Edition 2** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S308v2.pdf)
4. **Edition 3** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S308v3.pdf)
5. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S308v4.pdf)
6. **SL2010-187** (committee substitute) — [source](http://www.ncleg.net/Sessions/2009/Bills/Senate/PDF/S308v5.pdf)

## Votes

- Second Reading — **113–0** (pass) · lower
- Third Reading — **107–0** (pass) · lower

## Sponsors

- Albertson — cosponsor (person)
- Allran — cosponsor (person)
- Atwater — cosponsor (person)
- Berger of Rockingham — cosponsor (person)
- Blake — cosponsor (person)
- Brock — cosponsor (person)
- Brown — cosponsor (person)
- Foriest — cosponsor (person)
- Forrester — cosponsor (person)
- Garrou — cosponsor (person)
- Goss — cosponsor (person)
- Hunt — cosponsor (person)
- Jacumin — cosponsor (person)
- Jenkins — cosponsor (person)
- Jones — cosponsor (person)
- McKissick — cosponsor (person)
- Preston — cosponsor (person)
- Rucho — cosponsor (person)
- Snow — cosponsor (person)
- Swindell — cosponsor (person)
- Tillman — cosponsor (person)

## Timeline

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

- **2010-08-03** Ch. SL 2010-187 `became-law`
- **2010-08-03** Signed By Gov. 8/3/2010 `executive-signature`
- **2010-07-09** Pres. To Gov. 7/9/2010 `executive-receipt`
- **2010-07-09** Ratified
- **2010-07-09** Passed 3rd Reading `passage, reading-3`
- **2010-07-08** Passed 2nd Reading `reading-2`
- **2010-07-07** Placed On Cal For 7/8/2010
- **2010-07-07** Cal Pursuant Rule 36(b)
- **2010-07-07** Reptd Fav `committee-passage-favorable`
- **2010-06-30** Re-ref Com On Judiciary I `referral-committee`
- **2010-06-30** Withdrawn From Com
- **2009-07-22** Re-ref Com On Finance `referral-committee`
- **2009-07-22** Reptd Fav `committee-passage-favorable`
- **2009-07-13** Ref to the Com on Commerce, Small Business, and Entrepreneurship, if favorable, Finance `referral-committee`
- **2009-07-13** Passed 1st Reading `reading-1`
- **2009-07-08** Passed 2nd & 3rd Reading `passage, reading-2, reading-3`
- **2009-07-01** Placed On Cal For 7/8/2009
- **2009-07-01** Com Substitute Adopted
- **2009-07-01** Reptd Fav Com Substitute `committee-passage-favorable`
- **2009-02-26** Ref To Com On Finance `referral-committee`
- **2009-02-25** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9fc536ae-c3c4-4729-bd2b-de27c7372dc3`. Confidence: reported (aggregated from official North Carolina legislature records).