| Statutory
Updates
California
Senate Bill 1183 (Chapter No. 57), signed by the governor on July
7th, 2006, provides that a foreign corporation is not transacting
intrastate business solely due to its status as a shareholder, limited
partner or member or manager of a domestic or foreign business entity
transacting business in California.
http://www.leginfo.ca.gov/pub/bill/sen/sb_1151-1200/sb_1183_bill_20060707_chaptered.html
Delaware
Senate Bill 322, amending the General Corporation Law, was signed
by the governor on June 27th, 2006 (see summary of bill's provisions
elsewhere in CSC Flash). House Bill 414 amending the LLC Act was
signed by the governor on June 28th, 2006. House Bills 415 (Revised
Uniform Limited Partnership Act), 424 (Revised Uniform Partnership
Act) and 445 (Statutory Trust Act) were signed by the governor on
July 10th, 2006. Bill text can be accessed from
http://www.legis.state.de.us/Legislature.nsf?Open
Indiana
House Bill 1306, effective on July 1, 2006, requires foreign-qualified
entities to obtain an amended certificate of authority when converting
to different entity type in jurisdiction of organization.
http://www.in.gov/legislative/bills/2006/HE/HE1306.1.html
New Hampshire
Senate Bill 295 (Chapter 316), effective on July 1st, 2006, permits
administratively dissolved LLCs to apply with a fee of $500.00 for
hearing for reinstatement more than three years after dissolution.
http://gencourt.state.nh.us/legislation/2006/SB0295.html
Pennsylvania
House Bill 2425 (PN 3822), signed by governor on July 7th, 2006
(Act No. 2006-86), and effective in 60 days, provides requirements
for valid recording and constructive notice of written agreements
pertaining to real property.
http://www.legis.state.pa.us/2005%5F0/hb2425p3822.htm
Rhode Island
Senate Bill 2938 (Chapter 163), effective on June 23rd, 2006, requires
certificate of good standing from Rhode Island division of taxation
for reinstatement of revoked corporation. To access bill text, type
in 2938 in Bill field at
http://dirac.rilin.state.ri.us/BillStatus/WebClass1.ASP?WCI=Index&WCE=callBillStatus&WCU&
Virginia
Senate Bill 477 (Chapter 748), effective on July 1st, 2006, changed
the due date to October 1st from September 1st for domestic and
foreign LLCs to pay annual registration fee of $50.00 and authorizes
State Corporation Commission to issue certificate of organization
and certificates of cancellation.
http://leg1.state.va.us/cgi-bin/legp504.exe?061+ful+CHAP0748
Senate Bill 547, effective on July 1st, 2006, permits
domestication of LLCs.
http://leg1.state.va.us/cgi-bin/legp504.exe?061+ful+SB547ER2
International Jurisdictions
Territory of Guam
Annual reports must be filed between July 1st and
September 1st, 2006 by domestic and foreign corporations qualified
to transact business in the Territory of Guam, a U.S. possession.
Filing fee is $100.00 and the late-filing penalty is $50.00. Government
form can be accessed from IncSpot.
Province of Quebec, Canada
Incorporated companies (legal persons) registered with the Register
of Enterprises must update the information on file by filing an
Annual Declaration between May 15th, 2006 and September 15th, 2006.
In 2006, the Canadian government is permitting legal
persons to combine the income-tax return and annual return by filing
within six months of the tax-year end. Form LE-630 (Declaration
of Information for the Register) should be included with the income-tax
return. More information on the harmonization is available at
http://www.req.gouv.qc.ca/a_propos/registraire/communiques/communique_2005-12-16_01_eng.htm
Motor Vehicle Updates
California
The fee for obtaining a duplicate title in the State of California
has been increased to $16.00
Vermont
The Vermont Department of Motor Vehicles has increased the price
of a driving record search to $10.00.
Virginia
All vehicles and trailers require an annual safety inspection once
the unit is registered in the State of Virginia. Units must be inspected
immediately; there is no grace period. The cost is $15.00.
The sticker expires the last day of the month, regardless of whether
it is a weekday or weekend.
The sticker is valid for exactly one year.

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