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2000 SESSION
SB 207 Resignation of registered agent; failure to file certificate change.
Introduced by: Charles J. Colgan | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Resignation of registered agent; failure to file certificate of change. Provides for the automatic termination of corporate existence, revocation of certificate of authority to transact business, or cancellation of certificate of limited liability company or limited partnership if an entity's registered agent has resigned and the entity does not timely appoint a new registered agent. The bill requires the SCC to mail a notice to the entity by first class mail and provides a minimum of two months for the entity to make the new appointment. Currently, the failure to timely appoint a new registered agent results in termination or revocation after the entity is cited in a rule to show cause, which is followed by the opportunity for a hearing before the Commission. The measure applies only to entities whose registered agents file a certificate of resignation on or after January 1, 2001.
SUMMARY AS INTRODUCED:
Resignation of registered agent; failure to file certificate of change. Provides for the automatic termination of corporate existence, revocation of certificate of authority to transact business, or cancellation of certificate of limited liability company or limited partnership if an entity's registered agent has resigned and the entity does not timely appoint a new registered agent. The bill requires the SCC to mail a notice to the entity by first class mail and provides a minimum of two months for the entity to make the new appointment. Currently, the failure to timely appoint a new registered agent results in termination or revocation after the entity is cited in a rule to show cause, which is followed by the opportunity for a hearing before the Commission. The measure applies only to entities whose registered agents file a certificate of resignation on or after January 1, 2001.