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Alaska Senate Bill 141 (Chapter 52 SLA 07) signed by governor July 12
and effective October 10 amends the Revised LLC Act to permit organization
to render professional services. Arizona Senate Bill 1169 (Chapter 284) signed by governor July 2 requires county recorders to redact personally identifying information on certain filed instruments California Senate Bill 414 enrolled and sent to governor July 10 clarifies the required net worth and insurance limits as security for claims for registered and foreign limited liability partnerships (LLPs) providing accounting, legal and architectural services. Delaware The following UCC filing and expedited fees increase August 1, 2007
House Bill 160 passed the Senate June 30 and is expected to be signed by the governor and become effective August 1 to amend the General Corporation Law. http://www.legis.state.de.us/LIS/lis144.nsf/vwLegislation/HB+160/$file/legis.html?open Senate Bill 95 signed by governor July 10 and effective August 1 amends the Revised Uniform Limited Partnership Act http://www.legis.state.de.us/LIS/lis144.nsf/vwLegislation/SB+95/$file/legis.html?open Senate Bill 96 signed by governor July 10 and effective August 1 amends the Limited Liability Company Act. http://www.legis.state.de.us/LIS/lis144.nsf/vwLegislation/SB+96/$file/legis.html?open Senate Bill 98 signed July 10 by governor and effective August 1 amends the Revised Uniform Partnership Act http://www.legis.state.de.us/LIS/lis144.nsf/vwLegislation/SB+98/$file/legis.html?open Florida Senate Bill 2038 signed by governor June 27 and chaptered as No. 2007-233 provides for real property electronic recording. Hawaii House Bill 1307 (Act No. 202) signed by governor June 20 and effective July 1 streamlines the business registration requirements for foreign LLCs and foreign nonprofit corporations. Illinois Senate Bill 137 sent to governor June 26 creates the Anti-Phishing Act Louisiana House Bill 103 (Act No. 63) signed by governor June 21 provides for recognition of converted entities by state boards and commissions. Text can be accessed from Minnesota Section 6 of Article 2 of House Bill 548 (Act 148), an omnibus state government appropriations bill signed by governor May 25, provides for a temporary technology surcharge until June 30, 2009 on certain corporate filing fees at the Secretary of State Business Services Division - $25.00 for corporation and LLC formation and qualification; $20.00 for foreign corporation annual reports; and $50.00 for foreign corporation reinstatements. Section 50 provides for administrative dissolution of corporations after failure to file annual report for one year, instead of two. Nevada Senate Bill 242 (Chapter No. 480) signed by governor June 13 and effective July 1, 2008 enacts the Model Registered Agents Act. Ohio House Bill 134 enrolled June 27 and sent to governor July 11 authorizes alternative standards for election of directors; requires that conversion of business entities be authorized by Revised Code chapter and laws under which the converted entities will exist, and extends shield of member of RLLP. Oregon Senate Bill 109 (Chapter No. 571) signed by governor and effective June 25 and chaptered July 3 permits the Attorney General to set by rule fees due from charitable organizations including delinquency fees and civil penalties.
Rhode Island The following bills amending business entity laws passed the General Assembly and became law without the governor’s signature:
South Carolina Senate Bill 268 (Act No. 69) signed by governor June 13 allows charitable organizations to file annual registration on the same date that financial reports are due and exempts organization not intending to solicit or receive in excess of $750,000 in a calendar year. Tennessee House Bill 2296 (Chapter No. 500) signed by governor June 21 makes changes to the tax laws including requirement to pay minimum franchise tax to file electronically. Texas House Bill 1207 signed by governor June 15 relates to corrections to revised franchise tax transition provisions of House Bill No. 3 of 3rd Called Session, 2006. Motor Vehicle Updates Indiana A new Indiana statue states registration will no longer be issued in the Lessor's name. The registration must now be in the Lessee's name. Minnesota Fee Increases:
Nevada Effective immediately registration fees and governmental services tax (GST) must be paid on Concrete Pumpers, Cranes and Drill Rigs, in order to be licensed for travel on Nevada's roadways. Previously these vehicles were considered Special Mobile Equipment and, as such, were not required to pay registration fees and GST. North Carolina Effective immediately, individuals must present a North Carolina driver's license or a North Carolina identification card to register a vehicle. Rhode Island Effective immediately a new technology fee of $1.50 is being imposed on each DMV transaction. Washington Washington is raising their driving record fee from $5.00 to $10.00 effective August 1st, 2007. The new revenue will fund additional State Police Patrols in high occupancy areas. International Updates British Virgin Islands The BVI Financial Services Commission announced July 3 an order amending schedules to the BVI Business Companies Act to simplify the transition of bearer share companies to non-bearer share companies. On December 31, 2009, the charter documents - Memorandum and Articles of Association (M&AA) - of every former IBC will be deemed to be amended to prohibit the issue of bearer shares and the company will become a non-bearer share company., unless the company elects that the deeming provision should not apply, and abolish the staged increases in annual fees. The text of the order can be accessed at http://www.bvifsc.vg/Default.aspx?tabid=214 Ontario Bill 152, the Ministry of Government Services Consumer Protection and Service Modernization Act, 2006 and regulation changes under the Personal Property Security Act (PPSA), the Business Corporations Act (BCA) and the Business Names Act (BNA) will be proclaimed August 1, 2007. The requirement for a majority of directors of an Ontario corporation to be Canadian residents will be reduced to 25% of the board. The 2-year limit for voluntary dissolution of a business corporation that has not issued shares or commenced business will be eliminated. Previous versions of government forms will be accepted for filing until February 4, 2008. Most of the existing PPSA regulations will be revoked effective August 1, 2007 and replaced by a Minister’s Order that will delete all references to paper registrations. After modifications to the Personal Property Security Registration System have been completed, a change to replace the “check the box” system for classifying collateral with a more description “item or type” system will be implemented at a future date to be determined. Bill 152 can be accessed from the Legislative Assembly’s website at http://www.ontla.on.ca.
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