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1995 SESSION

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HB 1668 Corporations; annual reports.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Corporations; annual reports. Eliminates requirements that stock and nonstock corporations include within their annual reports to the Virginia State Corporation Commission (SCC) information concerning such corporations' (i) registered agents, (ii) registered offices and (iii) the number of authorized shares (stock corporations only). According to the SCC, many corporations attempt to use their annual reports as a means of updating this information with the SCC when these items can only be updated by filing amended corporate charters (in the case of number of authorized shares) or by filing a form (e.g., SCC635, new registered agent form). This measure would remove the items listed above from the annual report to alleviate the apparent confusion.


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