Effective October 1st, House Bill 996 and Senate Bill 879 establishes a process by which a defective corporate act may be ratified by a board of directors of a corporation and applying this act to real estate investment trusts. View
Maryland – Revival of Nonstock and Religious Corporations
Effective October 1st, House Bill 853 and Senate Bill 125 establishes Nonstock or Religious Corporations that files articles of revival and past–due annual reports online is required to file only the seven most recently due annual reports required to be
Maryland – LLC and Partnerships Agreements
Effective October 1st, House Bill 342 and Senate Bill 261 permits LLC and Partnership agreements to transfer interest in the company to a certain person on the occurrence of certain events regardless of whether the person is a member. View
Arizona – DIFI Amends Fees
Effective September 25th, Senate Bill 1118 amends fees related to Department of Insurance and Financial Institutions. View Info
RASi, A Lexitas Company Announces Acquisition of Allstate Corporate Services
Registered Agent Solutions, Inc. (“RASi”), A Lexitas Company, announced its acquisition of Allstate Corporate Services. Headquartered in New York, Allstate has been a leading Corporate Filing and Registered Agent company for over 19 years. This acquisition demonstrates RASi’s continued accelerated growth
Colorado – Registered Agent for Insurance Companies
Effective August 9, Emergency Regulation 22-E-14 requires companies engaged in the business of insurance in this state to maintain a registered agent in Colorado. View Info
Colorado – Revised Statutes
Effective August 9, House Bill 22-1250 repeals a provision exempting certain domestic entities from a provision allowing reinstatement of an entity after administrative dissolution upon compliance with certain conditions. View Info
Delaware – Limited Liability Companies
Effective August 1, SB 275 amends the Delaware code relating to the creation, regulation, operation, and dissolution of domestic Limited Liability Companies along with the registration and regulation of foreign Limited Liability Companies. View Info
Proposed UCC Amendments Regarding Digital Assets
As cryptocurrencies, non-fungible tokens (NFTs), and other digital assets have grown in popularity, questions have arisen concerning how these intangible digital assets should be handled under the Uniform Commercial Code (UCC). According to a recent article by Ropes & Gray[1],
RASi, a Lexitas Company, Launches UCCSecure™
A Modernized Approach to UCC Filing and Management Registered Agent Solutions, Inc. “RASi”, a Lexitas company, has launched UCCSecure™. RASi has provided UCC search and filing services for over 20 years and now has enhanced their offering through UCCSecure™, a highly sophisticated