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Legislation authorizing L3Cs is enacted as an amendment to the general limited liability company (LLC) act, rather than
as a separate act. This allows L3Cs to take advantage of the flexibility of the LLC format and the existing body of law
regarding their governance. Below are links to the LLC laws for the jurisdictions in which the L3C legislation has been
enacted: Additionally, the following federal jurisdictions have adopted L3C legislation: Please be aware by clicking on the above links will take you away from the Americans for Community Development website. |
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