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Statutory Updates
Business Entity Filings/UCC Updates

California
Assembly Bill 2341 (Chapter No. 773) effective September 29, 2006 eliminated the requirement of filing a tax clearance from the Franchise Tax Board (FTB) for dissolution of a domestic corporation, limited liability company or limited partnership. State forms to be filed with the Secretary of State Business Services Division on or after September 29, 2006 must include a statement that a final franchise tax return or a final annual tax return has been or will be filed with the FTB. More information is available in notices posted on the agency websites at http://www.ss.ca.gov/business/business.htm and
http://www.ftb.ca.gov/individuals/faq/taxClearance.html.

Assembly Bill 339 (Chapter No. 495) enacted the Uniform Limited Partnership Act of 2008 and repealed existing LP laws effective January 1, 2010. http://www.leginfo.ca.gov/pub/bill/asm/ab_0301-0350/ab_339_bill_20060927_chaptered.html

Assembly Bill 2914 (Chapter No. 426) extends the sunset date on licensed architects' ability to organize as limited liability partnerships (LLPs) to January 1, 2012, and increases the minimum liability coverage requirements for architectural LLPs to $1 million (from $500,000) as of January 1, 2008
http://www.leginfo.ca.gov/pub/bill/asm/ab_2901-2950/ab_2914_bill_20060922_chaptered.html

Senate Bill 1207 (Chapter No. 871) allows a corporation to amend its bylaws to allow the use of majority (rather than plurality) voting to elect a member of the board of directors of a publicly-traded California corporation, in an uncontested election, as specified, and requires the term of a seated member of the board who fails to receive a majority vote in an uncontested election to end within 90 days of the election. The bill text can be accessed at...
http://www.leginfo.ca.gov/pub/bill/sen/sb_1201-1250/sb_1207_bill_20060930_chaptered.html

Connecticut
House Bill 5541 (Public Act No. 57) effective October 1, 2006 amends the Partnership Act regarding conversion of a domestic partnership to a limited liability company. Senate Bill 547 (Public Act No. 68) effective October 1, 2006 amends the Business Corporation Act and Revised Nonstock Corporation Act regarding duties and responsibilities of directors and officers of business corporations and nonstock corporations. To access bills, click on http://search.cga.state.ct.us/dtSearch_lpa.html and search.

Ohio
House Bill 301 (Session Law No. 133) effective October 12, 2006 simplified the steps for Ohio business entities to convert from one entity type to another by filing a certificate of conversion at the Secretary of State Business Services Division. The bill text can be accessed from http://www.legislature.state.oh.us/bills.cfm?ID=126_HB0301 and information from the state filing office including forms and fees is available at http://www.sos.state.oh.us/sos/businessservices/corp.aspx?Section=1834


Motor Vehicle Updates

COLORADO
If a vehicle has an odometer reading over 1500 miles and has never been titled, application for title must be in the Dealer's name first and then transferred to the new owner. Vehicles are exempt from odometer requirements if the vehicle is over 16,000 lbs. (unladen weight).

FLORIDA
You may obtain an 18 month tag if the renewal date is within 3 months of expiration.

MONTANA
Drivers must include their driver's license number as part of the owner information when submitting their vehicle renewals.

NEVADA
Smog checks are required on all gasoline and diesel powered cars and trucks, 1968 and newer that are based in most areas of Las Vegas and Reno. New vehicles are exempt on their first and second registration. Diesel vehicles over 10,000 gross vehicle weight are exempt. Call 702-486-4981 in Las Vegas or 775-684-3580 in Reno with any questions.

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CSCFlash™ is not intended to provide legal or professional advice. If such advice is required, you should seek the services of an attorney or other professional. CSC cannot guarantee the completeness or accuracy of the information in CSCFlash.