California Laws Governing Business Entities Annotated California corporations now have a mechanism to retroactively remedy defective corporate actions, after lawmakers approved new procedures to allow corporations to petition the superior court to ratify corporate...
by Eric Geringswald | CSC Maryland General Corporation Law Maryland lawmakers approved legislation in 2022 that adds a new Subtitle 7 to Article 2 of the Maryland General Corporation Law (MGCL). The new law “provides an express statutory procedure for...
by Eric Geringswald | CSC New Jersey Laws Governing Business Entities Annotated Legal and business professionals working with New Jersey business entities need easy access to the latest business statutes and case decisions in order to effectively counsel clients...
by Eric Geringswald | CSC Arizona Laws Governing Business Entities Annotated CSC has just released the 2023 edition of Arizona Laws Governing Business Entities Annotated . The updated deskbook is a comprehensive collection of Arizona business law statutes legal...
By Eric Geringswald | CSC New York Business Entity Case Law A New York court found that a shareholder could bring a direct suit and not just a derivative suit to address his complaint that a shareholders agreement had been violated. The shareholder brought...
By Eric Geringswald | CSC South Dakota Business Entity Law CSC, in collaboration with legal publisher LexisNexis, has released the inaugural edition of South Dakota Laws Governing Business Entities Annotated to provide legal professionals in the state with...
By Eric Geringswald | CSC Florida Corporate Income Tax Florida’s General Assembly added or amended more than 40 sections of the state’s business entity laws, including new revised procedures for service of process and changes to the corporate income...
By Eric Geringswald | CSC Business and legal professionals practicing in Georgia have to stay on top of business case law to successfully manage their entities and complete transactions. A missed case could result in an incorrect application of the statute, which...
By Eric Geringswald | CSC Delaware lawmakers added or amended more than 50 sections of the state’s business laws governing Delaware corporations and alternative entities during the latest legislative session. Most changes went into effect on August 1, 2022...
A new law passed by the Virginia Assembly during the 2022 session allows limited liability companies formed or operating in the state to prepay their annual registration fees for two or three years online. Until now, LLCs had to file annually or face penalties...
Nevada legislators amended legislation regarding the fiduciary duties of directors and to clarify and confirm that when exercising their respective powers, directors and officers of a corporation may consider all relevant facts, circumstances, contingencies or...
By Eric Geringswald | CSC Wyoming Chancery Court Wyoming’s Chancery Court went live in December 2021 after the state’s Supreme Court adopted final rules for the new court three months earlier. The Wyoming legislature created the Chancery Court...
By Eric Geringswald | CSC CSC’s Oklahoma Deskbook CSC, in collaboration with legal publisher LexisNexis, has released the inaugural edition of Oklahoma Laws Governing Business Entities Annotated to provide legal professionals with the comprehensive resource...
By Eric Geringswald | CSC How Terminated Illinois LLCs can be Reinstated Illinois lawmakers have amended the state’s Limited Liability Company Act to allow LLCs to revoke the decision to terminate if done within 90 days after the effective date of the...
By Eric Geringswald | CSC Doing Business in All 50 States When should companies qualify to do business outside their state of formation? It’s complicated. Consider this case: In May 2020, a Pennsylvania LLC sued an Ohio LLC in Ohio for breach of contract...