Effective July 1, 2017, Illinois will begin recognizing conversions for limited liability companies. The state is currently finalizing the process and updating/creating forms. We will post updates as additional information becomes available.
Effective January 1, 2017 Senate Bill 1104 allows financial institutions to designate either the Department of State or a registered agent to receive service of process on its behalf. The bill also provides for exceptions when no registered agent has been designated. Click here to learn more.
Effective August 6, 2016, with the passage of SB1356, requires a foreign corporation to provide the address of its principal office in its state of incorporation, or, if none, the corporation must provide the street address of its registered agent in the foreign jurisdiction. Click here to learn more.
Effective August 10, 2016, House Bill 1330 allows a statement of correction to be filed to revoke a document that was filed in error. Click here to learn more
Effective August 1, 2016, Senate Bill 276 allows a statutory trust be added to the definition of "person" under the Uniform Commercial Code. Click here to learn more.
Effective August 9, 2016, Senate Bill 405 clarifies requirements regarding operating agreements and rights of members for LLCs. Click here to learn more.
Effective December 1, 2015, the Delaware Division of Corporations no longer accepts UCC filing submissions via paper, unless submitted through an Authorized UCC Filer. The Division will require that all UCC filings submitted directly to the state be submitted to the Division electronically. Electronic UCC filings may be submitted directly to the Division via the State’s e-UCC web application or through a variety of UCC XML submitters. Please note – there is no change to the way Infinity processes UCC filings. Click here to learn more.
Beginning October 1, Benefit Corporations may now be formed in Montana. A Benefit Corporation is defined as a corporation formed for a general or specific public benefit. A “General Public Benefit” is defined by the Act as “a material, positive impact on society and the environment, taken as a whole, as assessed against a third-party standard, from the business and operations of a benefit corporation.” Click here to learn more.
On October 1, 2015, the State of Nevada enacted new legislation that changes the compliance requirements for business entities and registered agents. This legislation, entitled Senate Bill 39 (SB39), requires each business entity to designate a Communications Contact and makes changes to the record keeping requirements for business entities. Click here to learn more.