Effective May 14, SB 133 establishes a cause of action for oppressive conduct in a closely held corporation. https://le.utah.gov/~2019/bills/static/SB0133.html
Utah – Certificate Renamed
Effective May 8, Senate Bill 39 changes “certificate of good standing” to “certificate of existence.” The bill also makes technical and conforming changes. le.utah.gov/~2018/bills/sbillenr/SB0039.pdf
Utah – Benefit Limited Liability Company
Effective May 8, Benefit Limited Liability Companies (BLLC) can be formed in Utah. The Articles of Organization must specify that the company is forming for a specific or general public benefit. For the full statutes on BLLCs, view more information.
Utah – Annual Report Fee Increase
Effective May 8, annual report and renewal fees will increase by $5.00 for all business entities except for non-profit corporations. If you submit your annual report after May 8th, you will need to pay the increased fee even if your
Utah – Business Corporations Act Amended
Effective May 9, House Bill 41 modifies general standards of conduct for directors and officers. Other revisions include provisions to business combinations and general technical changes. https://le.utah.gov/~2017/bills/hbillenr/HB0041.htm
Utah – Revised Nonprofit Corporation Act
Effective May 10, Senate Bill 40 states which actions can happen within a nonprofit corporation without holding a meeting. http://le.utah.gov/~2016/bills/sbillenr/SB0040.htm
Utah – SB 174
Signed by the governor March 30, 2015, is effective May 12, 2015. This bill requires a certificate of assumed and of true name to designate and maintain a registered agent in Utah. Although the state application has previously included this
Utah – Medical Marijuana Scams
A recent White House announcement informed the public that federal banking institutions will now accept payments from medical marijuana dispensaries. As such, the Utah Secretary of State warned investors to be on the lookout for potential scams in the sale
Utah – Senate Bill 36 goes into effect May 8
Effective May 8, SB 36 allows Utah corporations to transfer or domesticate to another jurisdiction. Senate Bill 36 signed March 19 and effective May 8 amends the business corporation act to allow Utah corporation to transfer or domesticate to another