October Jurisdictional Updates

Florida House Bill 1523 (Senate Bill 1378) signed by the governor June 7 and effective October 1 creates the Combating Corporate Espionage Act by amending current definitions and crimes relating to trade secret theft under existing law, to modernize, simplify, and clarify what constitutes theft of a trade secret, creating the new crime of trafficking in trade secrets, and enhancing penalties under certain circumstances. The bill text can be accessed at https://www.flsenate.gov/Session/Bill/2021/1523/BillText/er/PDF

Maryland Senate Bill 181 (Chapter 106) signed by the governor April 13 and effective October 1 requires trade name certificates to include the identification number assigned by the Department of Assessments and Taxation. The bill text can be accessed at http://mgaleg.maryland.gov/2021RS/bills/sb/sb0181T.pdf

Maryland Senate Bill 320 (Chapter 107) signed by the governor April 13 and effective October 1 provides that foreign corporations may designate the Department of Assessments and Taxation as resident agent to receive service of process in Maryland.  The bill text can be accessed at http://mgaleg.maryland.gov/2021RS/chapters_noln/Ch_107_sb0320T.pdf

Maryland House Bill 839 (Chapter 335) signed by the governor May 18 and effective October 1 provides that the State Department of Assessments and Taxation after September 30 each year shall certify lists of domestic entities that have not filed an annual report for the prior year or paid a tax before October 1.  The bill text can be accessed at https://mgaleg.maryland.gov/2021RS/bills/hb/hb0839T.pdf

Nevada Senate Bill 62 (Chapter 54) signed by the governor May 25 and effective October 1 expands the types of organizations required to register a charitable organization and make disclosures. The bill text can be accessed at https://www.leg.state.nv.us/Session/81st2021/Bills/SB/SB62_EN.pdf

North CarolinaSenate Bill 507 (Session Law 2021-106) signed by the governor August 16 and effective October 1 amends the Business Corporations Act to among other things authorize corporate name changes without shareholder approval and modernize corporate records requirements and clarify inspection rights. The bill text can be accessed at https://www.ncleg.gov/Sessions/2021/Bills/Senate/PDF/S507v3.pdf

New YorkAssembly Bill 213 (Chapter 321) signed by the governor August 2 and effective October 31 amends the not-for-profit corporation law in relation to voting requirements of the board of directors. The bill text can be accessed at https://nyassembly.gov/leg/default_fld=%0D%0A&leg_video=&bn=A00213&term=2021&Summary=Y&Actions=Y&Text=Y

Legislative Developments 9-20-21