May 24

May 24, 2016

Kansas – Legislation Amends General Corporation Code

Kansas – Legislation Amends General Corporation Code

House Bill 2112 signed by the governor May 17 and effective July 1 amended and recodified the General Corporation Code and the Business Entity Standard Treatment (BEST) Act. New provisions to the Code include allowing bylaws to require internal claims to be brought in Kansas courts and prohibiting bylaws from barring such claims in Kansas courts; notices to persons with claims against dissolved corporations; and ratification of defective corporate acts. Applications for registration of a foreign covered entity no longer…
May 23

May 23, 2016

Idaho – Re-Domestication Exceptions for Domestic Insurers

Idaho – Re-Domestication Exceptions for Domestic Insurers

House Bill 440 signed by the governor March 17 and effective July 1 creates an exception for stock insurers that re-domesticate to Idaho from the provisions requiring a domestic insurer to maintain principal place of business and home office in the state.
May 20

May 20, 2016

Maryland – Name Approval Exemption for Certain Professional Corporations

Maryland – Name Approval Exemption for Certain Professional Corporations

Senate Bill 66 (Chapter 335) signed by the governor May 10 and effective October 1 exempts from name approval professional corporations in which a majority of stockholders are licensed to practice a health profession under the Health Occupations Act.
May 19

May 19, 2016

Delaware – Elimination of Outdated Requirements at the Office of the State Bank Commissioner

Delaware – Elimination of Outdated Requirements at the Office of the State Bank Commissioner

House Bill 286 (Chapter 225) signed by the governor and effective May 9 modernizes practices and procedures at the Office of the State Bank Commissioner including the elimination of outdated requirements related to issuance, display and posting of paper licenses.
May 19

May 19, 2016

sopm

WEBINAR: How to overcome your biggest service of process challenges – June 16th @ 11 AM EDT

Determining when to receive or reject service, identifying time-sensitive documents, following complex and custom routing instructions, and storing service of process (SOP) are just a few of the challenges your company may face. Spend 30 minutes with Corporation Service Company® (CSC®) learning how we can help you reduce cost, mitigate risk, and improve efficiencies—followed by a Q&A to get the details that pertain to you. Regardless of what kind of business your company transacts and what kind of legal action…
May 18

May 18, 2016

Arizona – Allows the Corporation Commission to Accept for Filing Electronic Documents from Public Service Corporations

Arizona – Allows the Corporation Commission to Accept for Filing Electronic Documents from Public Service Corporations

Senate Bill 1309 signed by the governor May 12 and effective August 8 allows the Arizona Corporation Commission to accept for filing electronic documents from public service corporations.Senate Bill 1309 signed by the governor May 12 and effective August 8 allows the Arizona Corporation Commission to accept for filing electronic documents from public service corporations.
May 17

May 17, 2016

Virginia – Establishment of Procedure for Actions of the Board of Directors of a Nonstock Corporation

Virginia – Establishment of Procedure for Actions of the Board of Directors of a Nonstock Corporation

House Bill 234 (Chapter 383) signed by the governor March 11 and effective July 1 establishes procedure for actions of the board of directors of a nonstock corporation without a meeting.
May 16

May 16, 2016

Wyoming – Adopts the Uniform Securities Act

Wyoming – Adopts the Uniform Securities Act

House Bill 31 (Chapter 22) signed by the governor March 3 and effective July 1, 2017 adopts the Uniform Securities Act.
May 13

May 13, 2016

Walk through the timeline of the Uniform Commercial Code (UCC)

Walk through the timeline of the Uniform Commercial Code (UCC)

In this timeline, Corporation Service Company® walks you through the history of UCC Article 9 from the 1700s through the changes planned for 2018. This outline of UCC Article 9 includes background on its inception, its initial publication, as well as the UCC Article 9 changes and amendments and the reasoning behind these updates. It charts all the changes in the law from the 1700s to those planned for 2018, including links, forms, amendments, and pending legislation. Visit cscglobal.com for the…
May 13

May 13, 2016

ny-laws-governing-entities

New annotations provide insight for New York business law

New York is one of the top states in the nation for incorporation and business formation, and New York courts are frequently called upon to interpret business statutes, such as recent cases addressing liability of LLC members, dissolution of a foreign business entity by a New York court, the attorney-client privilege of a corporation, the merger of non-profit corporations, and the demand requirement in derivative suits. Legal and business professionals working with New York entities need a way to stay…