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The Arizona Corporation Commission posted a consumer alerts notice that two changes under the 2019 LLC Act to be effective September 1, 2020 will not be implemented until November 1. All LLCs formed in Arizona will receive a perpetual duration,
A secured party cannot relax after it perfects its security interest by filing a UCC financing statement. Ongoing diligence is essential, because subsequent events that affect the information provided in the filed financing statement could threaten the secured party’s ability
CSC has just released the 2020 Edition of Utah Laws Governing Business Entities Annotated, an essential resource for business and legal professionals in the state and region. The new edition is updated through the 2020 Utah legislative session, with nineteen
Delaware legislators amended the Emergency Powers statute to clarify the types of events during which emergency bylaws may be adopted, including, but not limited to, national emergencies, epidemics, and pandemics. The amendment also removes the requirement that the specific emergency
House Bill 668 (Chapter 292) and Senate Bill 469 (Chapter 293) became law without signature of the governor May 8 and effective October 1 relates to delayed effective dates, inspection of records by stockholders, and indemnification of directors of stock
Uniform Commercial Code (UCC) filings are complicated and contain a plethora of nuances that can cause frustration for even the most experienced legal professionals. Subtle errors when filing can lead to unperfected security interests, posing tremendous risk to the clients
Wyoming explicitly rejects any doctrine of respondeat superior resulting in liability on the part of a parent corporation for acts of its subsidiary. In Morgan v. Baker Hughes, Inc, the United States Court of Appeals for the Tenth Circuit affirmed
Uniform Commercial Code (UCC) filing, searching and monitoring can be complicated between debtor name variation, search logic differences, and various filing procedures. But filing, searching and monitoring properly can ensure your security interests remain perfected. Getting and staying organized, paying
House Bill 1655 signed by the governor July 6 and effective August 28 modifies provisions relating to the certification of documents, including processes for the Recorder of Deeds and procedures for notaries include remote online notarization.
The Virginia Assembly amended a business law section regarding limitations on liability of officers and directors. The change prevents Virginia entities from passing an amendment to their articles of incorporation or bylaws that limits or eliminates director or officer liability