Montana lawmakers approved new provisions for shareholder meetings during its 2021 legislative session in response to the continuing COVID-19 pandemic. Montana entities can amend or repeal bylaws that require in-person shareholder meetings, boards of directors...
Arizona Business Laws 2021 Arizona lawmakers amended or added more than 30 sections during the state’s 2021 legislative session. Those changes have been captured in the 2022 edition of Arizona Laws Governing Business Entities Annotated from Corporation...
Indiana lawmakers amended the state’s Title 23 Business and Other Associations to permit remote meetings and filings and to define emergencies: Annual and special meetings. Corporate bylaws may include a provision for remote meetings, and if a physical...
Colorado lawmakers approved new procedures allowing for electronic notice and remote meetings during the 2021 legislative session. Changes include: Appraisal rights. Service on a shareholder demanding appraisal rights may be done by electronic transmission...
Maryland lawmakers approved an amendment that permits entities to bring an internal corporate claim in specified circuit courts of Maryland or a federal court sitting in Maryland, or in courts sitting in one or more jurisdictions outside the state. The purpose...
In response to the ongoing COVID pandemic, New Jersey legislators approved statutory amendments allowing business entities to conduct annual meetings, member meetings, and shareholder meetings remotely. The amendments permit entities to use reasonable measures...
New York lawmakers approved amendments that will allow New York business entities to receive service of process through electronic means starting January 1, 2023. According to the new legislation, New York corporations, associations, limited liability companies...
The Delaware General Assembly enacted new legislation during the 2021 session that allows members, managers, and partners (i.e. principals) of LLCs or partnerships, as the case may be, to delegate rights, powers, or duties to someone else, even if such principal...
Florida’s General Assembly amended several sections of the Florida Business Corporation Act (FBCA) to address concerns raised by corporations and the legal community in the wake of the 2019 overhaul of the FBCA. The new legislation: Clarifies the definition...
Nevada legislators voted in the state’s 81 st legislative session to expand the scope of permitted forum selection clauses in a corporation’s articles of incorporation or bylaws, which could have the result of permitting a corporation’s articles or bylaws to require...
Georgia legislators approved several statutory changes during the 2021 legislative session, including new provisions that allow for remote meetings and a new tax option for privately owned S-corporations that could reduce their federal tax liability. A new provision...
The Virginia Assembly amended the state’s business laws during the 2021 session to align alternative entity filings with comparable filings for stock corporations. The changes came in the wake of a comprehensive update of the Virginia Stock Corporation Act during...
Wyoming lawmakers approved a DAO Supplement to the state’s LLC Act during the 2021 session authorizing and providing a business structure to decentralized autonomous organizations (DAOs), the first such law in the nation. The new law, effective as of July 1 of...
Illinois businesses with 100+ employees (or 50+ employees if a federal contractor) will need to include employment data with their annual reports starting January 1, 2023. The Illinois legislature enacted the amendment to the state’s Business Corporation Act to...
Business and legal professionals rely on case law to understand how judges interpret the business laws in their state. New cases can provide important insight and have the potential to impact client activity, business transactions, and disputes. CSC publishes...