Jurisdictional Updates

DELAWARE House Bill 341 (Chapter 256) signed by the governor and effective July 16 amends the General Corporation Law to, among other things, confirm that a board of directors may exercise certain powers during emergency conditions; eliminate supermajority voting requirements

Assembly Bill 85 (Chapter 2020-08) signed by the governor and effective June 29 exempts a limited partnership, limited liability company and limited liability partnership that files, registers or organizes to do business in California from payment of the annual minimum

Senate Bill 6a (Act No. 15) signed by the governor and effective governor July 13 provides for the suspension from July 1, 2020 to June 30, 2021 of the corporation franchise tax and initial corporation franchise tax for small business

Senate Bill 1754 signed by the governor and effective June 22 clarifies that the form and filing of a business entity document must meet all statutory requirements and requirements set by rule in order to be filed; changes the timing

Senate Bill 4116 signed by the President and effective July 4 extends the authority for commitments under the Paycheck Protection Program until August 8 and separate amounts for other loans authorized under the Small Business Act. 

Senate Bill 838 (Chapter 2020-32) signed by the governor and effective June 18 made clarifying and conforming changes to the Business Corporation Act and the Revised LLC Act. Among the changes are the Department of State may direct interrogatories to

COLORADO Senate Bill 86 signed by the governor May 13 and effective July 1, 2020 updates the Business Corporation Act and makes conforming changes to the Corporations and Associations Act including provisions governing articles of incorporation, mergers, standards of conduct

Senate Bill 6037 signed by the governor March 27 and effective June 12 enacted the Women on Corporate Boards Act requiring each public company to have a gender-diverse board of directors or comply with specific requirements no later than January

Senate Bill 54 (Act No. 50) signed by the governor and effective June 5 eliminates the requirement for the Secretary of State to record notice of administrative revocation of articles of incorporation in the clerk of court of the parish

House Bill 7010 signed by the President and effective June 5 enacted the Paycheck Protection Program Flexibility Act to triple the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness