| Statutory
Updates
Arizona
The Arizona Corporation Commission will waive late penalties for
annual reports due in February 2006 as long as the reports are postmarked
by March 31, 2006, due to an error that caused Annual Reports to
be mailed out late. The state recommends that business entities
do not e-file February annual reports, since the e-filing system
is programmed to charge for late penalties.
More information is available at http://www.cc.state.az.us/corp/FebruaryAR.htm.
Maryland
An emergency bill (House Bill 512 crossfiled with Senate Bill 354)
was introduced Jan 31 in the Maryland Legislature to repeal and
re-enact 9-515 (d) as follows
A continuation statement may be filed only within six months before
the expiration of the five-year period specified in subsection (a),
the 30-year period specified in subsection (b), or the
date the financing statement ceases to be effective under Section
9-705(c) of this title, whichever is applicable.
The bill text can be accessed from http://mlis.state.md.us/2006rs/billfile/hb0512.htm.
New York
Chapter 767 of the Laws of 2005, signed February 3, 2006 by the
governor and effective June 1, 2006, amended the limited liability
company law and partnership law, among others, relating to publication
by domestic and foreign LLCs, professional service LLCs, limited
partnerships and LLPs. Notice of publication shall include the names
of 10 persons who are actively engaged in the business and affairs
of the entity and who are members or partners of the entity having
the most valuable ownership interests. The publication requirement
is reduced from six to four weeks in two newspapers (one daily,
one weekly) of the county in which the office of the business entity
is to be located. A certificate of publication must be filed with
the Department of State with affidavits of publication from the
newspapers. If no proof of publication is filed within 120 days
after establishment of business, suspension of the entity's authority
to conduct business in New York may occur.
For more information please visit http://assembly.state.ny.us/leg/?bn=S00085.
International
Province of British Columbia
The Business Corporations Act which came into existence on March
29, 2004 requires all companies incorporated before the act came
into force to file by March 29, 2006 an online transition application,
a mandatory electronic filing that allows a company to confirm and
update current information kept in electronic format on the corporate
register.
More information is available at http://www.fin.gov.bc.ca/registries/transition.htm.
Motor Vehicle Updates
Ohio
The Ohio Bureau of Motor Vehicles has increased the price of transferring
a current license plate from one vehicle to another. Effective immediately
the cost is $4.50.
Utah
Emission Inspections are required every two years for vehicles less
than 6 years old. Vehicles with an even model year must obtain emissions
during even years and vehicles with an odd model year must obtain
their emissions during odd years.

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