Virginia House Bill 234 amends the Virginia Nonstock Corporation statute relating to actions taken without a meeting of a board of directors.
Virginia House Bill 955 restructures the Virginia Limited Liability Company Act.
Virginia House Bill 918 gives LLCs the option to maintain and make certain required information available to their members as an electronic record through a network or system.
Alabama — Senate Bill 243, effective April 28, 2016, enacts the University Authority Act of 2016 which allows public universities to form a new type of public corporation known as an “authority.” The act provides details on how authorities can be formed, how they function, and how they can be dissolved.
South Carolina — Senate Bill 1049, effective April 21, 2016, allows a marketing cooperative association whose term of existence has expired to apply to the Secretary of State for reinstatement within two years of its expiration.
West Virginia — House Bill 2897, effective June 10, 2016, amends the Fees, Allowances and Costs; Newspapers; Legal Advertisements title by exempting residents under 30 years of age from the filing fees for incorporating or forming a domestic business or non-profit corporation, LLC, LP or general partnership of which the person is an incorporator, member or partner.
West Virginia Senate Bill 14 provides limits on successor corporation asbestos-related liabilities.
Tennessee House Bill 1547/Senate Bill 2550 amend provisions relative to the regulation of private trust companies.
New York Assembly Bill 9008C amends the Executive Law.