Article 9 and Lien-Related Legislation New York: SB 760, which would amend UCC § 9-611(f) to add new notice requirements prior to taking any steps to dispose of collateral for a reverse cooperative apartment loan, passed the Senate on 6/8/2021.
Best Practices for Partnering with a State Attorney General During a Cyber Investigation
Join CSC for a complimentary Continuing Legal Education (CLE) webinar to learn best practices on communicating, cooperating, and responding to the state’s investigative and regulatory inquiries into cyber matters.
MA courts were active during the pandemic
“2020 was an unexpectedly busy year for the Massachusetts courts as those courts’ personnel made genuinely heroic efforts to continue providing essential services and access to justice during a global public health crisis,” writes Massachusetts attorney Kurt Hemr…
Legislative Developments 6-4-2021
Article 9 and Lien-Related Legislation No developments to report this week. Other Uniform Laws Legislation No developments to report this week. Emerging Technology Legislation (Blockchain, DLT, Cryptocurrency, etc.) Michigan: House Resolution 119 was introduced on 6/2/2021 to declare
Failure to qualify: What’s at stake?
If you plan to do business outside the jurisdiction where your entity is formed, you may need to qualify there as a “foreign” corporation. Most states have laws that require entities to qualify to legally conduct business in their state.
Legislative Developments 5-28-2021
Article 9 and Lien-Related Legislation No developments to report this week. Other Uniform Laws Legislation Illinois: SB 2176, which would adopt the Uniform Electronic Transactions Act, passed the House on 5/26/2021 and is pending delivery to the governor. Emerging
Illinois employers required to include demographic data in annual reports
Illinois businesses with 100+ employees (or 50+ employees if a federal contractor) will need to include employment data with their annual reports starting January 1, 2023. The Illinois legislature enacted the amendment to the state’s Business Corporation Act to make
Jurisdictional Updates 5-24-21
New Jersey – Limited Liability Partnerships Permitted to File Alternate Name Registration Assembly Bill 4932 (Chapter 2021-100) signed by the governor and effective May 12 permits limited liability partnerships to file a certificate of registration of alternate name with the
Legislative Developments 5-21-21
Article 9 and Lien-Related Legislation Arizona: The governor signed HB 2617 to amend the lien law on 5/19/2021. The final bill addresses disposition of proceeds from the sale of homestead property subject to a lien. The new law takes effect
Jurisdictional Updates 5-19-21
South Carolina – Legislation Provides Requirements to Organize a Bank Senate Bill 467 (Act No. 30) signed by the governor and effective May 6 provides requirements to organize a bank. https://www.scstatehouse.gov/sess124_2021-2022/bills/467.htm