(at the request of House Interim Committee on Health Care for Secretary of State Kate Brown)
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Bill Title:
Relating to the duties of the Secretary of State with respect to business entities; and declaring an emergency.
Catchline/Summary:
Allows business entity to file application to convert into other business entity. Allows business entity to file application to convert into other business entity. Permits foreign business entity that does not intend to transact business in this state not to file application.
Requires foreign business entity to submit certificate of existence or similar document with application to transact business in this state unless official who has custody of business entity records permits free access via Internet to searchable database that has evidence of business entity's existence.
Allows business entity to update information required or permitted in annual report at any time by delivering to office of Secretary of State amendment to annual report or statement with updated information if change in information occurs before business entity files first annual report.
Permits business entity at any time to submit application to amend assumed business name.
Permits business entity to apply to reactivate assumed business name that Secretary of State administratively canceled within five years after date of cancellation. Specifies requirements for application. Permits applicant to appeal Secretary of State's denial of application.
Allows dissolved corporation to adopt merger plan.
Authorizes Secretary of State to waive requirement that limited liability company, limited liability partnership, limited partnership, corporation or business trust that has been administratively dissolved apply to Secretary of State for reinstatement within five years of dissolution if business entity provides evidence of entity's continued existence as an active concern.
Becomes operative January 1, 2012.
Declares emergency, effective on passage.
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HB 2254
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