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CS/HB 661 — Business Filings

by Oversight, Transparency and Administration Subcommittee; and Rep. Miller, M. and others (CS/SB 610 by Appropriations Committee and Senator Young)

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Commerce and Tourism Committee (CM)

The bill makes two changes to the statutes regarding limited liability corporations, business corporations, not-for-profit corporations, and limited partnerships.

The bill requires the Department of State (department) to send notice to a business entity or its authorized representative if a record is filed under the entity’s name. The department may send notice by either email or US mail. If the filing changes the entity’s email address, the department must send notification to both the new email address and the most recent prior email address. If the filing changes the entity’s mailing address, the department must send the notification to the new mailing address and to the most recent prior mailing address.

The bill also authorizes an entity to correct a business filing made under its name. The fees for filing a statement of correction to correct a record that contains false, misleading, or fraudulent information will be waived if the statement is delivered to the department within 15 days of the department’s notice of the filing.

If approved by the Governor, these provisions take effect July 1, 2018.

Vote: Senate 29-2; House 114-0