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Donna Christensen Named to ELFA’s 2020 Top Women in Equipment Finance

CSC is excited to announce that our own Donna Christensen has been selected by MonitorDaily for the Equipment Leasing and Finance Association’s (EFLA’s) 2020 Top Women in Equipment Finance feature. This list honors women who are making an impact in

Legislative developments since the last update on 1/22/2021:

Article 9 and Lien-Related Legislation Arkansas: House Bill 1255 was introduced on 1/25/2021 to regulate cross-collateralization clauses. The bill would provide requirements for an enforceable cross-collateralization clause in a security instrument, mortgage or deed of trust that secures indebtedness incurred

The Corporate Transparency Act—What it Means for Companies

On January 1, 2021, the U.S. Congress overrode the President’s December 23, 2020 veto of H.R. 6395, the National Defense Authorization Act. Embedded in the 1,480-page bill as Division F Anti Money Laundering is The Corporate Transparency Act (CTA), which

Michigan – Legislation Extends Remote Procedures

The governor on December 29 signed four bills extending until June 30, 2021 remote procedures (signing, witnessing, notarizing and recording) for certain records. Senate Bill 1186 (Public Act 335) Uniform Electronic Transactions Act – https://www.legislature.mi.gov/documents/2019-2020/billenrolled/Senate/htm/2020-SNB-1186.htm Senate Bill 1187 (Public Act

Florida – Dissolution/Revocation Notices Mailed in Error

The Department of State Division of Corporations sent dissolution and revocation notices in error between Friday, January 1 and Monday, January 4. According to information received from the Division of Corporations, the notices were sent to all entity types and

Federal – U.S. House Bill Enacts the National Defense Appropriations Act

U.S. House Bill 6395, the National Defense Appropriations Act, became law January 1 when Congress overrode the president’s veto. Among the bill’s many provisions are Division F Anti-Money Laundering which will require many business entities formed and registered in state

District of Columbia – Expect Delays Due to Ongoing Protests

Multiple streets are closed due to ongoing protests in Washington, DC. Please expect delays until Inauguration Day on Wednesday, January 20, with orders for legalization of documents at DC embassies and consulates and federal government agencies.

Federal – NASDAQ Files SEC Proposal to Advance Boardroom Diversity

Nasdaq (the National Association of Securities Dealers Automated Quotations) filed a listing proposal with the U.S. Securities & Exchange Commission for a diversity requirement for board composition. The proposal includes an example of a board diversity matrix that companies may

Legislative updates, new cases for California business entity laws

California’s state legislature enacted or amended more than 30 sections in the Corporations Code and related Codes, including new requirements for directors from underrepresented communities and updated corporate naming conventions. These changes are captured in the 2021 Edition of California

Virginia – November Revocation Notice Mailing Delayed

According to the Stock Corporation Commission Clerk’s Office, a systems issue that delayed the mailing of November revocation notices was resolved Tuesday, December 8. A request for waiver of the penalty fee will be considered for January entities affected by