Oct 17

October 17, 2017

Colorado – LLP and LLLP Filings Now Available Online

Colorado – LLP and LLLP Filings Now Available Online

Statements of change of entity name for LLP and LLLP filings and statements of correction correcting the entity name for Colorado entities which were previously required as paper document filings effective October 4 are available only as online filings.  The filing fee is $10.00 for online filings and $150.00 for paper documents.
Oct 12

October 12, 2017

Michigan – Corporation Division and Websites Not Available Beginning October 26

Michigan – Corporation Division and Websites Not Available Beginning October 26

The Department of Licensing and Regulatory Affairs (LARA) Corporations Division announced that the new Corporations Online Filing System (COFS) will be available Monday, October 30, at 8:00 am Eastern Time.  The Corporations Division office and websites will not be available from Thursday, October 26 at 5:00 pm Eastern Time until Monday, October 30 while the state undergoes system changes.
Oct 11

October 11, 2017

Puerto Rico – Government Offices Open on a Limited Basis

Puerto Rico – Government Offices Open on a Limited Basis

Puerto Rico government agencies are operating on a limited basis in the San Juan (metropolitan area).  Regional agencies will remain closed until further notice. Federal and bankruptcy courts are also open on a limited basis with limited searching availability.
Oct 9

October 9, 2017

Nevada – Legislation Revises Fiduciary Duties of Officers and Directors

Nevada – Legislation Revises Fiduciary Duties of Officers and Directors

Senate Bill 203 (Chapter 559) signed by the governor June 12 and effective October 1 revises the presumption against negligence for the actions of corporate directors and officers and clarifies that may be considered in exercise of their powers.
Oct 6

October 6, 2017

CSC®Publishing adds Utah to its jurisdiction library

CSC®Publishing adds Utah to its jurisdiction library

CSC®Publishing has released the all-new Utah Laws Governing Business Entities. With up-to-date annotated business entity legislation for Utah, as well as other valuable features that make legal research faster and more efficient, this all-new publication is a valuable resource for the legal and business communities in Utah and neighboring states. The inaugural 2017 edition features all legislative changes made during the 2017 Utah legislative session, as well as the latest new case notes from state and federal courts interpreting the…
Oct 6

October 6, 2017

LIVE CLE WEBINAR: First State Update: 2017 Case law Developments and Updates to Delaware’s LLC Act

LIVE CLE WEBINAR: First State Update: 2017 Case law Developments and Updates to Delaware’s LLC Act

Tuesday, October 24, 2017 | 2:00 p.m. (ET) The Delaware LLC continues to be one of the most flexible type of business entities globally. Join us as we take a detailed look at the 2017 amendments and updates to the Delaware Limited Liability Act in this complimentary CLE webinar. Inform and advise your clients looking to make the most of Delaware’s limited liability company statues with the most up-to-date information in your repertoire. Join Matthew J. O’Toole, Christopher N. Kelly, and Michael…
Oct 4

October 4, 2017

California – $75.00 Fee on Real Estate Transaction Documents Starting January 1

California – $75.00 Fee on Real Estate Transaction Documents Starting January 1

Senate Bill 2 signed by the governor and effective September 29 establishes the Building Homes and Jobs Trust Fund as a permanent funding source for affordable housing through a $75.00 fee on real estate transaction documents starting January 1, 2018.  The fee is capped at $225.00 per transaction and exempts real estate sales.
Oct 3

October 3, 2017

LIVE CLE WEBINAR: UCC Financing Statement: Collateral Description Fundamentals

LIVE CLE WEBINAR: UCC Financing Statement: Collateral Description Fundamentals

Join CSC® for a complimentary webinar by Paul Hodnefield, associate general counsel, on the fundamentals of UCC financing statement collateral descriptions. It is essential when filing a financing statement that the secured party sufficiently describes the collateral. Any deficiencies may limit the secured party’s ability to enforce its security interest against some or all of the collateral. This program explains the fundament requirements of UCC financing statement collateral descriptions, including the basic concepts of notice filing, the Article 9 collateral rules…
Oct 3

October 3, 2017

New distributed ledger legislation approved in Delaware

New distributed ledger legislation approved in Delaware

Delaware’s General Assembly passed significant amendments to the state’s business laws during its 2017 session, including groundbreaking blockchain legislation that allows companies to track stock ownership and keep other corporate records on a distributed ledger. Notable legislative changes included: Corporations: The 2017 statutory revisions to the General Corporation Law of the State of Delaware address topics including the creation and maintenance of corporate records using electronic database networks, the effective time of certain amendments to the certificate of incorporation, stockholder…
Oct 3

October 3, 2017

Puerto Rico & USVI – Government Offices Closed Until Further Notice

Puerto Rico & USVI – Government Offices Closed Until Further Notice

Due to Hurricanes Irma and Maria, government offices in Puerto Rico and the U.S. Virgin Islands will be closed until further notice.  The Puerto Rico Registry is closed at this time with no re-opening date.  The Lieutenant Governor’s office in St. Thomas USVI was completely destroyed by Hurricane Irma and it will be many months before their office is re-opened.