Jul 31

July 31, 2015

Delaware – Legislation Enacted Amending Unclaimed Property Law

Delaware – Legislation Enacted Amending Unclaimed Property Law

Senate Bill 141 (Chapter 114) signed by the governor and effective July 22 amends the unclaimed property law to make permanent the Secretary of State voluntary disclosure program and provide certain limitations and duties on the State Escheator.
Jul 30

July 30, 2015

Pennsylvania – System Interruption and Deceptive Solicitation

Pennsylvania – System Interruption and Deceptive Solicitation

The Pennsylvania Department of State Bureau of Corporations and Charitable Organizations will undergo major system upgrades over the next few days to provide better service to customers. The Bureau will maintain regular business hours, but some services will be interrupted. Documents for expedited services will be not accepted after 1:59 pm on Friday, July 31.  The website will not be available after 4:00 pm.  The Bureau will resume normal business operations on Monday, August 3.   The Department of State…
Jul 30

July 30, 2015

Minnesota – Legislation Enacted Affecting Corporations and LLCs

Minnesota – Legislation Enacted Affecting Corporations and LLCs

House Bill 385 (Chapter 39) signed by the governor May 14 and effective August 1 makes technical changes to the Business Corporation Act, Limited Liability Company Act, and Revised Uniform LLC Act regarding conversions. The Revised LLC Act will become effective on August 1 for all LLCs organized on or after the effective date. LLCs organized before August 1 continue to be governed by the former LLC Act unless they elect to be governed by the Revised LLC Act.
Jul 29

July 29, 2015

Delaware – Changes to General Corporation Law Enacted

Delaware – Changes to General Corporation Law Enacted

The State of Delaware has posted information on Senate Bill 75 signed June 24 by the governor and effective August 1 to  amend the General Corporation Law (GCL) . The bill allows forum selection provisions in charter documents or bylaws as to internal corporate claims including derivative actions and prohibits stock corporations from including in charter documents or bylaws fee-shifting provisions that would require a stockholder to pay attorneys’ fees or costs in connection with an internal corporate claim.
Jul 28

July 28, 2015

Louisiana – Legislation Passed Affecting Publications

Louisiana – Legislation Passed Affecting Publications

Senate Bill 179 (Act No. 457) signed by the governor July 1 and effective August 1 creates a statewide website to be established and maintained by the majority of Louisiana newspapers to be a repository for all statutorily required public notices in addition to its obligation to publish via print publication as provided by prior law.
Jul 27

July 27, 2015

Jul 24

July 24, 2015

Louisiana – Legislation Enacted Regarding Electronic Signatures

Louisiana – Legislation Enacted Regarding Electronic Signatures

The governor signed House Bill 697 on June 5, 2015.  This bill provides that a record, electronic record, or reproduction of a record or electronic record which contains an electronic signature or a reproduction of an electronic signature is presumed to be genuine if accompanied by a certification that is executed by a representative of a financial institution or its assignee and complies with the proposed form. The new law takes effect on August 1, 2015.
Jul 23

July 23, 2015

Jul 22

July 22, 2015

Jul 21

July 21, 2015