Assembly Bill 123 (Chapter 419) signed by the governor June 6 and effective October 1 amends requirements for business entity initial list filings and series LLCs. Initial lists shall be filed by entities at the time of formation or qualification instead of the last day of the month after formation or qualification, and an amended list may be filed without filing within 60 days of filing of the initial list. If an LLC’s articles of organization or operating agreement authorizes creation of a series, then the registered agent of the LLC is deemed to be the registered agent for each series. If a series name does not indicate it is a series and does not contain the series LLC name, then the series is deemed to be doing business under an assumed name and must file a certificate with the county clerk stating the name and address of the series LLC.
August 28, 2017