May 4

May 4, 2016

service of process webinar

WEBINAR: CSC: Your Agent for Service of Process – June 16th @ 11 AM and 2 PM EDT

Managing the intake, distribution, and storage of service of process (SOP) documents is a major challenge. Just a few SOP daily can add up quickly. You have to plan, or you’ll end up buried. Spend 30 minutes with Corporation Service Company® (CSC®) learning how we can help you reduce cost, mitigate risk, and improve efficiencies—followed by a 15 minute Q&A to get the details that pertain to you. If your SOP isn’t handled efficiently from the minute it arrives, it…
May 4

May 4, 2016

South Carolina – Changes to Marketing Cooperating Associations

South Carolina – Changes to Marketing Cooperating Associations

Senate Bill 1049 signed by the governor and effective April 21 authorizes marketing cooperating associations to apply for reinstatement within two years of expiration.
May 4

May 4, 2016

the-directors-handbook

Defending Director Discretion

Activist investors looking to effect change on U.S. corporations via positional investment have monopolized discussion of board activity and director responsibilities of late. However, there are parallel legal developments impacting director discretion that should also be on directors’ radar, says Tom Dougherty, author of The Directors’ Handbook. In the Foreword of the new 2016 Edition of The Directors’ Handbook, Dougherty examines three developments worthy of director attention:  the threatened demise of derivative court case protections; increasing judicial skepticism toward settlements…
May 3

May 3, 2016

Florida – Amendment to the Patent Troll Prevention Act

Florida – Amendment to the Patent Troll Prevention Act

House Bill 1181 (Chapter 2016-101) signed by the governor March 24 amends the Patent Troll Prevention Act to revise when a party pursuing a private right of action may recover punitive damages and to revise the criteria by which a demand letter is deemed to be a bad faith assertion of patent infringement.
May 2

May 2, 2016

Arizona – Patent Troll Prevention Act

Arizona – Patent Troll Prevention Act

House Bill 2386 signed by the governor March 24 and effective the 91st day after adjournment of the legislative session (projected to be May 27) enacted the Patent Troll Prevention Act to prohibit a bad faith assertion of patent infringement and establishes criteria for a bad faith finding.
May 2

May 2, 2016

UCC Expert’s Corner: Court Denies Equitable Remedies Due to Secured Party’s Lack of Due Diligence

UCC Expert’s Corner: Court Denies Equitable Remedies Due to Secured Party’s Lack of Due Diligence

Thorough due diligence can help the secured party avoid later perfection and priority problems with a secured loan. In fact, the failure to conduct adequate due diligence may leave the secured party without access to equitable remedies, even if the debtor prevents the secured party from perfecting its security interest. That was the situation in a recent case, Fangio v. DivLend Equipment Leasing, LLC (In re Ajax Integrated, LLC), 2016 WL 1178350 (Bankr. N.D.N.Y. Apr. 4, 2016). On May 20,…
Apr 29

April 29, 2016

Nebraska – Revisions to Model Business Corporation Act

Nebraska – Revisions to Model Business Corporation Act

Legislative Bill 794 signed by the governor March 30 and effective 3 months after adjournment (projected as April 20) enacted clean-up revisions to the Model Business Corporation Act before its operative date of January 1, 2017.
Apr 29

April 29, 2016

doing business outside your state banner

Free CLE webinar: Doing Business Outside Your State – Foreign Qualification: May 12, 2016,  2 – 3 PM EDT

Corporation Service Company® (CSC®) is pleased to announce that our upcoming live webinar, Doing Business Outside Your State: Foreign Qualification has been approved for CLE in 26 states. On May 12, join CSC and Matthew J. O’Toole, Michael W. Whittaker, and Michael P. Maxwell, of Potter Anderson & Corroon LLP for pointers on doing business outside your state, and foreign qualifications. Mr. O’Toole is a senior legal advisor on CSC’s Guide to Doing Business Outside of Your State: The CSC…
Apr 28

April 28, 2016

Utah – Non Profit Corporation Action Changes

Utah – Non Profit Corporation Action Changes

Senate Bill 40 signed by the governor March 18 and effective May 10 addresses when actions of nonprofit corporation action may be taken without a meeting.
Apr 27

April 27, 2016

Florida – Reorganization of the Department of Financial Services

Florida – Reorganization of the Department of Financial Services

Senate Bill 908 (Chapter 2016-165) signed by the governor March 30 and effective July 1 reorganizes the Department of Financial Services.