Viewing: Jurisdictional Updates

Aug 16

August 16, 2017

Texas – Legislation Authorizes Public Benefit Corporations

Texas – Legislation Authorizes Public Benefit Corporations

House Bill 3488 signed by the governor June 14 and effective September 1 authorizes the formation of public benefit corporations including a periodic statement to shareholders at least biennially pertaining to the promotion of the public benefit specified in the corporation’s certificate of formation.
Aug 14

August 14, 2017

Arizona – Corporation Commission Posts Summary of Previously Enacted Legislation

Arizona – Corporation Commission Posts Summary of Previously Enacted Legislation

The Corporation Commission posted a summary of previously enacted legislation which took effect August 9.  The Commission no longer sends a copy of a filed document with notice of approval and the document must be retrieved from the Commission website.  The legislation also authorized electronic transmission of notice of pending administrative dissolution, although the Commission will not implement this change until a new computer system is operational and will request entities to consent to electronic notices.  
Aug 10

August 10, 2017

New Hampshire – Legislation Deletes Hearing Requirement for Late Reinstatement

New Hampshire – Legislation Deletes Hearing Requirement for Late Reinstatement

Senate Bill 42 (Chapter 2017-171) signed by the governor June 28 and effective August 27 deletes the hearing requirement for late reinstatement of administratively dissolved corporations.
Aug 8

August 8, 2017

United States – Bill Enacts Sanctions against Iran, Russia and North Korea

United States – Bill Enacts Sanctions against Iran, Russia and North Korea

House Bill 3364 (Public Law No. 115-44) signed by the President and effective August 2 enacted sanctions against Iran, the Russian Federation and North Korea in the Countering America’s Adversaries Through Sanctions Act.
Aug 2

August 2, 2017

Colorado – Legislation Updates Requirements for Public Benefit Corporations

Colorado – Legislation Updates Requirements for Public Benefit Corporations

House Bill 1200 signed by the governor June 6 and effective August 9 updated requirements for public benefit corporations originally passed in 2013. Among the changes, use of a corporate ending “public benefit corporation” or “PBC” is optional.
Jul 31

July 31, 2017

Arizona – Corporation Commission Legislative Changes Effective August 9

Arizona – Corporation Commission Legislative Changes Effective August 9

The Corporation Commission posted a summary of legislative changes effective August 9. Among the changes are: The Commission will no longer send a copy of a document with an approval letter since approved documents are available on the state filing office’s website The Commission will ask entities to consent to receive notices by email when a new computer system is implemented Statements of Change will be revised to require only new information for address and statutory agent The annual report…
Jul 27

July 27, 2017

North Dakota – Legislation Amends Existing LLC Law

North Dakota – Legislation Amends Existing LLC Law

Senate Bill 2223 signed by the governor April 14 and effective August 1 amends existing law regarding LLC distributions before dissolution and charging orders.
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