Aug 28

August 28, 2015

Delaware – Filing System Conversion Information

Delaware – Filing System Conversion Information

The Delaware Division of Corporations will implement a major computer system conversion over an extended Labor Day weekend. The Division will close at 4:30 p.m. Eastern Daylight Time (EDT) on Thursday, September 3. All priority submissions (one-hour, two-hour, same-day, and 24-hour) must be received by the Secretary of State by noon EDT on Thursday, September 3. The Division anticipates that it will process all priority submissions (other than 24-hour) on Thursday, September 3. The Division will be closed on Friday,…
Aug 27

August 27, 2015

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Webinar: Beyond the Top-Line Price: Wisdom for Selling Your Business: Thursday September 24 @ 2 PM EDT

When selling your business, the answer is: “It’s complicated.” At deal time, your target or “top-line” selling price may be based on a multiple of your EBITDA or some other performance-based formula (including an earn-out tied to future results). But getting that amount comes down to any number of factors besides forceful bargaining. For instance, a poorly structured deal with a high multiple can yield much less than an optimally structured deal with a lower multiple. This engaging, one-hour presentation…
Aug 26

August 26, 2015

Texas – Amendment to Business Organization Code

Texas – Amendment to Business Organization Code

Senate Bill 859 signed by the governor May 15, 2015 and effective September 1, 2015 amends the Business Organization Code with respect to powers of attorney with respect to matters relating to organization, internal affairs or termination of a LLC or partnership and effective January 1, 2016 amends provisions relating to LLP registration and annual reports.
Aug 25

August 25, 2015

Aug 24

August 24, 2015

Maryland – Law Enacted Affecting Fraudulent UCC Filings

Maryland – Law Enacted Affecting Fraudulent UCC Filings

The governor signed Senate Bill 77 on 4/14/15 to prohibit the filing of fraudulent UCC records.  The new law will require the filing office to send a notice to debtors listed on potentially fraudulent UCC records and allow the filing office to terminate the records under certain conditions. The law takes effect on 10/1/2015
Aug 21

August 21, 2015

California – Legislation Enacted Addressing Fraudulent Lien Recording

California – Legislation Enacted Addressing Fraudulent Lien Recording

The governor signed Assembly Bill 1267 on 8/13/15 to address the issue of fraudulent liens and encumbrances. The bill revises existing law to prohibit a person from filing or recording, a lawsuit, lien, or other encumbrance against any person or entity, knowing that it is false, with the intent to harass the person or entity or to influence or hinder the person in discharging his or her official duties if the person is a public officer or employee. This bill…
Aug 20

August 20, 2015

Maine – Not For Profit Corporation Reinstatement Legislation

Maine – Not For Profit Corporation Reinstatement Legislation

House Bill 971 (Public Law 254) became law June 23 by override of governor’s veto and allows a nonprofit to request reinstatement more than 6 years after administrative dissolution and pay a fee of $25.00 per outstanding annual report up to a maximum $150.00.
Aug 19

August 19, 2015

Hawaii – Recording Fee Change

Hawaii – Recording Fee Change

The Department of Land and Natural Resources Bureau of Conveyances posted a notice regarding a change in recording fees as a waiver of Hawaii Administrative Rules to accommodate recent mandated practices in the financial industry. This change is effective September 1, 2015.
Aug 18

August 18, 2015

Aug 17

August 17, 2015

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Webinar: Everything You Need to Know About the UCC You Learned in Kindergarten – Sept. 23rd @ 11 AM & 2 PM EDT

Whether you’re familiar with the Uniform Commercial Code and Article 9 or not, you already know the basic principles behind UCC searching, filing, and monitoring. After all, you learned them in kindergarten! Join CSC for this free and lighthearted refresher on UCC best practices. We’ll cover some of the rules you learned as a child and how they apply to your UCC workflows.