Resource Guide for Legal and Financial Professionals
Aloha, Bulk Escrow Officers! The California Escrow Association NorCal Conference is taking place this Friday and Saturday. Escrow officers from across the state will come together and First Corporate Solutions is proud to attend! The Friday and Saturday schedules have planned sessions for many of the expected topics and culminates with the always anticipated Legislative Update. If you’re headed to the conference this week, stop… >> READ MORE
The following updates to Delaware legislation are effective August 1, 2019. SB 88 - Chapter 48 Amends the General Corporation Law (GCL), adding new provisions relating to documentation of transactions, the execution, and delivery of paper/electronic documents. Revisions were made to default provisions applicable to stockholder notices and updates to provisions governing notices of appraisal rights and stockholder consents delivered by… >> READ MORE
Aloha! We are proud to have exhibited once again at the 29th annual California Escrow Association (CEA) Nor Cal Educational Conference, The Ohana of Escrow! The conference ran from July 11th-12th at the Marriott in San Ramon and hosted a mix of Escrow Officers from around the state. Our Vice President of Strategic Relations, Chris Cerruti, tabled the event to offer information on our products and services that support Bulk Sale Escrow… >> READ MORE
Texas House Bill 3609: Effective September 1st, 2019 Amends the Assumed Business or Professional Name section (Title 5, Chapter 71) of Texas Business and Commerce Code to remove county filing requirements. Assumed Name Requirements Entities required to file Certificates of Assumed Name if regularly doing business under an assumed name: • Domestic Business Corporations • Limited Liability Companies (LLCs) • Limited Liability… >> READ MORE
Texas House Bill 1159 Relates to acknowledgment of written instruments on behalf of limited liability companies. Senate Bill 1258 Provides for prosecution under the Penal Code of LLCs and other entities governed by the Business Organizations Code. House Bill 3609 Provides for business entities to file assumed name certificates only in the office of the Secretary of State and repeals the requirement to also file in county clerk… >> READ MORE
Want to talk to a live person…need to talk to a live person? How many are you required to speak with, and repeat your story, before you finally get want you want and need (hopefully)? Perhaps you can login to a website and hunt answers to your questions, utilizing help desks and live chats, very useful depending on the issues’ complexities, or lack thereof. But even for login credential relationships, the true value of Customer… >> READ MORE
Can a secured party be liable for failure to file timely finance statement terminations? According to Section 9-625 of the Uniform Commercial Code, yes. There can be secured party liability for failure to file timely terminations. But first, let’s take a step back. In Article 9-513, the section of the Uniform Commercial Code that regards Termination Statements, the below is found under subsection 9-513(b) to address how long a… >> READ MORE
First Corporate Solutions (FCS) is proud to have exhibited once again at the 64th annual California Escrow Association Conference hosted at the Hilton Costa Mesa on October 10-12. The conference featured the installation of incoming President Diane Boudreau-Tschetter and the new 2020 officers, numerous break out sessions and education seminars, and a moving rendition of the Star Spangled Banner. It also featured a lively legislative update… >> READ MORE
This week we’re looking at a case study we recently encountered involving County Filings. It helps to demonstrate that even in today’s e-connected world there are still many instances for which there is no substitute for experience and the personal touch. Check it out below as told by Daniel Silverburg, our County Services Manager. We received a request to file a UCC-1 in Riverside County, CA, and with Riverside County also being… >> READ MORE
The California Consumer Privacy Act (CCPA), a comprehensive consumer protection law that redefines what is considered personal information and how that information is handled, took effect January 1, 2020, impacting companies doing business in the Golden State. Text of the CCPA can be found here. The CCPA places new requirements on a wide range of businesses that interact with the personal information of Californians regarding the collection,… >> READ MORE