Jul 26

July 26, 2017

Delaware – UCC Web Filing Fee Increase Effective August 1

Delaware – UCC Web Filing Fee Increase Effective August 1

Effective August 1, 2017 all XML/Web UCC filings with the State of Delaware will increase to $50.00 per filing.
Jul 25

July 25, 2017

Washington – Bill Amends Business Organizations Code

Washington – Bill Amends Business Organizations Code

Senate Bill 5040 (Chapter 31) signed by the governor April 17 and effective July 23 amended the Business Organizations Code to (1) require a certificate of existence/registration for a foreign entity to include the date the entity qualified, that the entity’s registration to do business in the state has not been terminated, and there is no administrative action pending to terminate the entity’s registration; (2) clarify that penalties for failure to file a full and complete initial report apply only…
Jul 24

July 24, 2017

Delaware – Legislation Effective August 1, 2017

Delaware – Legislation Effective August 1, 2017

Delaware Legislation Effective August 1 2017
Jul 21

July 21, 2017

Louisiana – Revisions to Business Corporations Act

Louisiana – Revisions to Business Corporations Act

House Bill 310 (Act No. 57) signed by the governor June 3 and effective August 1 revises the Business Corporations Act to extend the period for reinstatement of a terminated corporation from 3 to 5 years and includes changes regarding quorum requirements for shareholders, venue for derivative proceedings, and personal jurisdiction over a non-resident who is or has been a director of a domestic corporation.
Jul 19

July 19, 2017

Washington – Legislation Amends the Business Corporation Act

Washington – Legislation Amends the Business Corporation Act

Senate Bill 5011 (Chapter 28) signed by the governor April 17 and effective July 23 amended the business corporation act to permit (1) ratification of defective corporation actions; (2) designation of forum court for filing internal disputes in governing documents;  (3) transfer of assets to a wholly-owned subsidiary corporation without a shareholder vote approving the transfer; (4) a short form merger without shareholder approval if the parent owns 90% of the subsidiary; and (5) a shareholder voting agreement is not…
Jul 18

July 18, 2017

West Virginia – Bill Requires Registration and Indexing of Additional Fictitious Names

West Virginia – Bill Requires Registration and Indexing of Additional Fictitious Names

Senate Bill 602 signed by the governor April 24 and effective July 6 requires registration and indexing of fictitious names used by sole proprietors, individuals, or general partnerships.
Jul 13

July 13, 2017

Hawaii – Third Quarter Annual Business Reports Due

Hawaii – Third Quarter Annual Business Reports Due

The Department of Commerce and Consumer Affairs (DCCA) Business Registration Division (BREG) posted a reminder that third quarter annual business reports are due for entities which registered in Hawaii between July and September.
Jul 10

July 10, 2017

UCC Expert’s Corner: Court Applies Former Article 9 Standard to Sufficiency of Judgment Lien Debtor Name

UCC Expert’s Corner: Court Applies Former Article 9 Standard to Sufficiency of Judgment Lien Debtor Name

Court Applies Former Article 9 Standard to Sufficiency of Judgment Lien Debtor Name By Paul Hodnefield, Esq. Since 2001, those who file UCC records have been well aware that even seemingly minor errors in a debtor name can render a financing statement seriously misleading. However, what standard do the courts apply to the sufficiency of debtor names that appear on other types of lien records?  A court recently addressed that question with respect to a judgment lien in the case…
Jul 10

July 10, 2017

LIVE WEBINAR: What you Need to Know for UCC Searching and Filing

LIVE WEBINAR: What you Need to Know for UCC Searching and Filing

UCC Searching & Filing Tuesday, July 18, 2017 Uniform Commercial Code (UCC) can be complicated between debtor name, search logic, and filing procedures. But getting it right can save your company myriad problems. Getting and staying organized, paying attention to detail, and keeping close track of the changes that can affect your lien statuses can be easy with the help of a few best practices Join Lacey Bower of CSC® for a complimentary webinar to learn Debtor name ins-and-outs Common…
Jul 7

July 7, 2017

Delaware – Legislation Alters Various Fees Assessed by the Secretary of State

Delaware – Legislation Alters Various Fees Assessed by the Secretary of State

House Bill 175 (Chapter 53) signed by the governor and effective July 2 alters various fees assessed by the Secretary of State. Most changes to the fees and taxes assessed will take effect on August 1, 2017; however, increases to the maximum franchise tax and the late penalty for the filing of an annual franchise tax report shall take effect for the tax year beginning January 1, 2017, and the increase of the assumed par value multiplier for calculation of…