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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

California Consumer Privacy Act Now In Effect

January 02, 2020 Legislation Something

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

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Legislation Effective September 1st

August 21, 2019 Corporate, Legislation Something

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

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Texas Revised Assumed Name Filing Requirements

August 21, 2019 Corporate, Legislation Something

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

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Delaware Legislation

July 15, 2019 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

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Legislative Update

June 20, 2019 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

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Legislative Update – Effective January 1st, 2019

December 06, 2018 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

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Commercial vs Noncommercial Registered Agents

September 27, 2018 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

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California SB 2 Update On Varying County Requirements

January 11, 2018 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

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

December 28, 2017 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

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New Year Changes For Notaries Public In California

December 03, 2016 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

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