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2014 SESSION

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HB 168 State Corporation Commission; eFile electronic registration system, etc.

Introduced by: David I. Ramadan | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Clerk of the State Corporation Commission; secure online system; articles of dissolution. Requires the State Corporation Commission limit the submission of data and documents on behalf of a business entity through its eFile electronic registration system to any user (i) designated to make such submission on behalf of the business entity and (ii) whose identity has been established satisfactorily through a verification process by July 1, 2018. After July 1, 2014 and until this has been implemented by the Commission, no articles of dissolution of a business entity or data or documents that contain officer or director changes shall be accepted through the Commission’s eFile electronic registration system.

SUMMARY AS INTRODUCED:

Clerk of the State Corporation Commission; secure online system; articles of dissolution; emergency. Requires the clerk of the State Corporation Commission, by July 1, 2014, to ensure that the Commission's eFile electronic registration system is secure. The system shall be deemed secure if it (i) provides a means to verify the identity of users; (ii) designates each user as having access with regard to one or more specified business entities; and (iii) allows users to access information regarding, and to make changes to records in the system affecting, only a business entity for which the user is designated. The measure also directs the clerk to ensure that any articles of dissolution of a stock or nonstock corporation that are filed in his office are signed by the chairman, a vice-chairman, the president, or any other of its officers authorized to act on behalf of the corporation who are listed as a director or principal officer on the corporation's most recently filed annual report. The bill has an emergency clause.