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Statutory Updates

Arizona
HB 2327, approved by the governor on April 11 and chaptered as Chapter 94, eliminates the requirement for corporations to issue a physical certificates for shares.
http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/47leg/2r/laws/0094.htm

HB 2428, approved by the governor on April 11 and chaptered as Chapter 95, concerns dissolution of nonprofit corporations. http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/47leg/2r/laws/0095.htm

SB 1250, approved by the governor on April 6 and chaptered as Chapter 53, concerns the UCC.
http://www.azleg.gov/FormatDocument.asp?inDoc=/legtext/47leg/2r/laws/0053.htm

Georgia
SB 469, approved by the House and sent to the governor on April 3, would update provisions to provide confirmation when an order for relief, with respect to a corporation, has been entered under the federal bankruptcy code.
http://www.legis.state.ga.us/legis/2005_06/sum/sb469.htm

Maine
HB 1314 (LD 1874), signed by the governor on April 4 and enacted as Public Law No. 529, makes changes to filing fees for amended annual reports and corrects the time period that an entity has to replace its registered agent upon resignation from 30 days to 60 days.
http://janus.state.me.us/legis/LawMakerWeb/externalsiteframe.asp?ID=280019976&LD=1874&Type=1&SessionID=6

SB 591a (LD 1609), signed by the governor on April 6 and enacted as Public Law No. 543, repealed the Uniform Partnership Act and replaced it with the Revised Uniform Partnership Act of 1997.
http://janus.state.me.us/legis/LawMakerWeb/externalsiteframe.asp?ID=280017597&LD=1609&Type=1&SessionID=6

Mississippi
The Mississippi Secretary of State Business Services Division said in April the reminders would be mailed reminders to the registered agent for corporations to file the annual report by June 1. Online filing is available at https://secure.sos.state.ms.us/busserv/corp/annualreport/reportstart.asp

New York
Senate Bill 6831, which went through three readings as of March 28, 2006, would amend Chapter 767 of the Laws of 2005 that becomes effective June 1, 2006, and requires publication by business entities for four-consecutive weeks of certain information including the names of the ten persons who are engaged in the business and are members or partners with the most valuable ownership interests. SB 6831 would require publication for six-consecutive weeks; eliminate listing of owners’ names; require business entities to comply within 120 days; and provide that failure to comply shall cause joint and several liability of the owners. SB 6831 may be accessed from http://www.assembly.state.ny.us/leg/


Wisconsin
Senate Bill 496, effective March 25, 2006, as 2005 Act 132, allows LLCs to reinstate without a 30-day time limit after administrative dissolution. According to the Wisconsin Department of Financial Institutions (DFI), there are 139,125 LLCs on file at the DFI compared to 128,500 corporations on record at the DFI. Also, five LLCs were formed in Wisconsin for every corporation formed in 2006. Senate Bill 496 can be accessed at http://www.legis.state.wi.us/2005/data/SB496hst.html


Motor Vehicle Updates

New Mexico
1. The state of New Mexico requires proof of residency (in-state address). The following are acceptable documents to prove the residence address:

• New Mexico driver’s license
• Utility bill (e.g., water, gas, electric, waste, or telephone)

2. A clear copy of emissions certificate in Bernalillo County is required for vehicles equal to or less than 10,000 gross vehicle weight. Gas vehicles are required to pass three test components:

• Pollution control equipment (i.e., catalytic converter)
• Exhaust gas analysis
• Visible emissions or smoke

Tennessee
Residents of Davison, Hamilton, Rutherford, Sumner, Williamson, and Wilson counties and Memphis city residents must have their vehicles pass an emissions inspection prior to registration or registration renewal. An emission is not required for vehicles of model year 1974 and older with the exception of Memphis where all model years are included.

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CSCFlash™ is not intended to provide legal or professional advice. If such advice is required, you should seek the services of an attorney or other professional. CSC cannot guarantee the completeness or accuracy of the information in CSCFlash.