Senate Bill 320, effective October 1, 2021, amends the Corporations and Associations article regarding the State Department of Assessments and Taxation acting as resident agent for foreign corporations.
Senate Bill 263 (cross filed with House Bill 781), effective October 1, 2021, amends the Corporations and Associations article regarding, among other things, forum selection clauses, reverse stock splits, removal of officers, meetings held by remote communication, issuance of stock, and amendments by directors.
House Bill 647, effective July 1, 2021, repeals the fees that were charged to business entities for filing articles of dissolution, certificates of cancellation, and articles of termination.
House Bill 668 and Senate Bill 469, effective October 1, 2020, provide, among things, that certain articles of incorporation may contain a future effective date, and makes changes regarding the approval of transactions of corporations registered as open end investment companies under the Investment Company Act.
House Bill 983 and Senate Bill 888, effective October 1, 2020, amend the LLC law to provide, among other things, that a personal representative or guardian of the last member shall automatically be admitted as a new member, unless certain actions are taken, to provide for winding up of the affairs of the LLC under certain circumstances, and to provide that an application for registration of a foreign LLC that is a series company must state that it is a series company.
Senate Bill 115, effective July 1, 2020, changes the name of the information report required to be filed by domestic and foreign business entities from a personal property report to an annual report.
Executive Order 34 facilitates meetings of stockholders of corporations and REITS by remote communication.