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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Let’s Revisit Interpleader: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal?

UCC, Corporate, Legislation Something

For our Escrow Officer readers out there, we revisit a post by guest blogger Shelley Gould from the Law Offices of David B. Bloom titled Interpleader: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? In her article, she delves into what an interpleader action is and how escrow officers can utilize this tool and why. Today’s post is the first of two parts; Part II will be posted in next week’s blog. Please… >> READ MORE


Let’s Revisit Interpleader Part II: What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal?

UCC, Corporate, Legislation Something

Again for our Escrow Officer readers out there, we revisit a post by guest blogger Shelley Gould from the Law Offices of David B. Bloom titled  Interpleader:  What Is It And Why Is It An Effective Remedy In An Escrow Holder’s Arsenal? In her article, she delves into what an interpleader action is and how escrow officers can utilize this tool and why. Today’s post is the second of two parts; Part I was posted last week and you can read… >> READ MORE


Solar Boom Continues Upward Trajectory

UCC, Legislation, Online UCC System Something

Last year, Congress' approved 2016 federal spending bill included an extension of the solar panel tax credit. Homeowners, solar companies, and industry advocates alike were given a big Christmas gift in 2015 when Congress approved the 2016 federal spending bill and extended the solar panel tax credit. The December 18 bill contained a 5-year solar tax credit extension, which makes solar more affordable for all Americans. --http://news.energysage.com/congress-extends-the-solar-tax-credit/ The… >> READ MORE


New Year Changes For Notaries Public In California

Corporate, Legislation Something

Effective January 1, 2017, some changes affecting notaries public are coming from the California Secretary of State’s Business Programs Division, Notary Public and Special Filings Section One change regards apostilles. Whereas an individual apostille used to require a separate certificate for each individual country under The Hague Convention of 5 October, 1961, now the apostille will no longer include the country in which it will be… >> READ MORE


Big Changes In Illinois: New Centralized State Tax Lien Registry Created

UCC, Corporate, Legislation, Due Diligence Something

Effective in Illinois on January 1, 2018, the State Tax Lien Registration Act will change how state tax liens are filed there. It will create one centralized State Tax Lien Registry for filing notices of tax liens in favor of or enforced by the Illinois Department of Revenue, who will manage the new registry. Currently, state tax liens in Illinois are filed by the Illinois Department of Revenue for unpaid taxes at appropriate county recorder… >> READ MORE


California SB 2 Update On Varying County Requirements

UCC, Legislation, Due Diligence, Title Related Topics Something

As California SB 2 has been rolled out, its implementation has created varying applications county to county. All of you recording documents in California counties are very aware of this new reality. Here’s a quick look at what SB2 is and what it does. To further assist you, below are updates and requests from various County Recorders regarding California SB 2. I. The below counties require a wet signature, under penalty of perjury,… >> READ MORE


Commercial vs Noncommercial Registered Agents

Corporate, Registered Agent, Legislation, Tips Something

Providing a registered agent for service of process (SOP) when completing business entity filings is often required. Whether it is a commercial registered agent or noncommercial registered agent impacts how the filing is completed. For example, when appointing commercial registered agents, the filer is not required to provide an address in some states; it is always required of noncommercial agents. Commercial agents also file registered… >> READ MORE


Legislative Update – Effective January 1st, 2019

Legislation Something

For any questions please contact your account manager or call 800.406.1577. ALABAMA: House Bill 72 (Act 2018-25), revises the Alabama Partnership Act to provide procedures for formation, powers, governance, and dissolution applicable to domestic and foreign LLPs and LLLPs. CALIFORNIA: Assembly Bill 2237 (Chapter 2018-76), amends the Corporations Code requiring shareholder inspections to be conducted of the accounting records and board… >> READ MORE


Legislative Update

Corporate, Legislation Something

Alabama House Bill 251 | Effective: 01/01/19 The bill makes technical corrections regarding the name of the Alabama Limited Liability Company Law, the ability of a partnership to continue as an entity for a brief period of time under the law with one partner or no partners and the duty of a partner in a general partnership to not compete with the partnership before the partnership is dissolved. The bill is retroactively effective as of… >> READ MORE


Delaware Legislation

Legislation Something

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