Article 9 and Lien-Related Legislation Ohio: The Senate concurred in House Amendments to SB 49 on 6/23/2021 and the governor signed the bill on 7/1/2021. This new law creates a statutory lien against commercial real estate in favor of a
Legislation Effective 8-1-21
DELAWARE Senate Bill 113 (Chapter 60) signed by the governor June 30 and effective August 1 amends the General Corporation Law to clarify that shares of a corporation’s capital stock held by any other entity are not entitled to be
Jurisdictional Updates 6-28-21
Louisiana – Exemption from Corporate Franchise Taxes Extended Senate Bill 161 (Act 389) signed by the governor and effective June 16 extends the exemption from corporate franchise tax for small business corporations.
Legislative Developments 6-24-2021
Article 9 and Lien-Related Legislation Iowa: The governor signed SF 342 on 6/17/2021, which had been previously amended to include fraudulent UCC filing provisions from the hip-pocket amendments to Article 9. The fraudulent filing provisions take effect on 7/1/2021. Michigan:
Jurisdictional Updates 6-23-21
National Association of Secretaries of State (NASS) – Launches New #BizSchemeSOS Initiative NASS launched an information awareness effort called #BizSchemeSOS to alert businesses of schemes. One example of deceptive practices can be found in misleading solicitation mailings which appear to
Jurisdictional Updates 6-16-21
Kentucky – Division of Business Filings Renamed the Office of Business Services Senate Bill 162 (Act 185) signed by the governor April 5 and effective June 26 restructures certain government agencies and the Secretary of State Division of Business Filings
Legislation Effective July 1, 2021
ARKANSAS House Bill 1460 (Act No. 567) signed by the governor April 5 and effective 91 days after adjournment (projected as May 3) creates the Workplace Freedom Act to eliminate licensing requirements by cities, counties or other subdivisions that duplicate
Legislative Developments 6-11-2021
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.
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