Partnerships; limited liability partnerships; prohibiting certain state actors from certain actions; classification; effective date.

Removed the general amendment to 54 O.S. 2021, Section 1-1001 regarding limited liability partnerships, which previously allowed partnerships to become limited liability entities and defined their qualifications.

Added a restriction that no person may own an interest in more than two package stores, with a specific exception allowing a spouse to hold a separate interest in up to two stores.

Added a requirement that every partner in a limited partnership or limited liability partnership holding a retail spirits license must be a natural person.

Added a prohibition against corporations, limited liability companies, or other partnerships authorized under state law from owning a retail spirits license.

Added a definition stating that any spouse of a retail spirits license holder is not considered to have a beneficial interest in a package store unless their name appears on the license.

Changed the effective date section from a general act statement to a specific CAD timestamp of 5/5/2025.

Removed the 'Proposed Committee Substitute' header and replaced it with the standard 'Committee Substitute' title, indicating the bill has moved past the initial committee stage.

Updated the bill's sponsor attribution from 'Hilbert' to 'Osburn' in the header and title page.

Adjusted internal section references (e.g., changing 'subsection (c)' to 'subsection (c) C') to align with the new formatting style.

Updated the tracking number and date in the footer from Req. No. 12675 (02/14/25) to Req. No. 12936 (02/26/25), reflecting the new version of the document.

The original text defining limited liability partnerships and their qualification process was entirely removed.

New language was added to prohibit certain state actors from taking specific actions and to clarify the classification of certain entities.

The effective date was retained as November 1, 2025, but the legislative text surrounding it was completely replaced.

The bill was renumbered and restructured from the original 'Engrossed' version to a 'Proposed Committee Substitute' version.

Removed all restrictions on who can own retail spirits licenses and limits on the number of package stores an individual can own.

Deleted requirements for specific disclosures to the Alcoholic Beverage Laws Enforcement Commission regarding partnership conversions.

Added a new definition establishing Limited Liability Partnerships as a specific form of partnership distinct from LLCs.

Added a provision prohibiting state officials from classifying LLPs as LLCs or similar entities.

Changed the effective date of the act from November 1, 2025, to November 1, 2025, while also updating the House passage date to March 25, 2025.

Limited liability partnerships are now explicitly authorized to hold retail spirits licenses.

A restriction was added stating that a limited liability partnership holding an alcohol license cannot be owned by a corporation, LLC, or other partnership.

Existing limited partnerships holding alcohol licenses can convert to limited liability partnerships without reapplying, but must notify the ABLE Commission within 90 days.

All partners in a limited liability partnership holding an alcohol license must be natural persons and fully disclosed to the state commission.

New statutory language defines a limited liability partnership as a valid business entity capable of rendering professional services.

The bill title and purpose were changed from a general partnerships reform act to a specific act regarding alcohol beverage limitations and license ownership.