Author: CSC

Puerto Rico – Processing Delays for UCC Filings Full-service orders for UCC filings at the Register of Commercial Transactions are currently delayed due to recent shifts in government employees at offices in the Department of State. Orders for filings at

Maine – Law Brings Gender Equity to Corporate Boards House Bill 878 (Public Law 385) became law June 30 without the governor’s signature and is intended to bring gender parity to corporate boards.  Corporation annual reports shall include indications whether

Illinois – Legislation Creates Uniform Electronic Transactions Act Senate Bill 2176 (Public Act 38) signed by the governor and effective June 25 creates the Uniform Electronic Transactions Act, repeals the Electronic Commerce Security Act and provides that a contract, record,

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

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

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. 

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: 

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

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

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