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Senate Bill 0489


 

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Senate Bill 0489

ARCHIVE (2001)

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DIGEST OF SB 489 (Updated April 29, 2001 10:05 PM - DI 94)

Business entity matters. Establishes certain filing fees for business entity name filings. Revises procedures related to filing for business entity names. Changes certain fees. Allows a corporation's bylaws to be amended to permit staggered terms for a corporation's board of directors without first amending the articles of incorporation. Provides reduced fees or eliminates fees for certain items filed electronically. Allows a filing with the secretary of state to contain multiple assumed business names. Requires the secretary of state to forward to the department of financial institutions a new filing or an amendment changing the business entity name if the filing or amendment contains the term "bank" in the name of the business entity. Provides for administrative dissolution of a business entity with a name that contains "bank" if the department of financial institutions determines that the business entity violates the law regulating banks. Allows electronic signatures on certain electronic filings. Establishes a filing fee for articles of merger. Allows for a renewable reservation of a nonprofit corporation name.
    Current Status:
     Law Enacted
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