S482 - Limited Liability Company Clarifications and Employee Invention Ownership. (SL 2016-114)

Overview: S.L. 2016-114 makes technical and clarifying changes to the Limited Liability Company Act and further defines an employer's and employee's rights to inventions invented by an employee.

This act becomes effective October 1, 2016. The provisions of this act relating to operating agreements apply to agreements entered into on or after that date.