Three states (Connecticut, Maryland and North Carolina) have new laws taking effect during the month of October. Please see below for summaries of the laws that will go into effect this month.
CONNECTICUT
Effective Date: October 1, 2016
Entities Affected: Various
Senate Bill 302, effective October 1, 2016, amends provisions requiring state agencies to analyze the impact of proposed regulations on small businesses. View the bill text.
MARYLAND
Effective Date: October 1, 2016
Entities Affected: Professional Corporations
Senate Bill 66, effective October 1, 2016, amends provisions dealing with the name requirements for professional corporations. View the bill text.
Effective Date: October 1, 2016
Entities Affected: Corporations
Senate Bill 148, effective October 1, 2016, amends provisions dealing with the duties of directors regarding the entering into of transactions involving the corporation. View the bill text.
Effective Date: October 1, 2016
Entities Affected: Various
House Bill 1446, October 1, 2016, creates an administrative procedure for individuals to challenge charter documents or governing documents they believe to have been intentionally filed falsely with the Maryland State Department of Assessments and Taxation. View the bill text.
NORTH CAROLINA
Effective Date: October 1, 2016
Entities Affected: LLCs; Religious, Charitable Organizations
Senate Bill 482, October 1, 2016, makes technical and clarifying changes to the North Carolina LLC Act, and authorizes religious and charitable corporations to convert to LLCs subject to certain requirements. View the bill text.
We’re here to help! For questions about how these legislative changes may affect you or your clients, or to initiate a service request, contact CLAS at 800.952.5696 or connect@clasinfo.com. Or, simply click on Contact CLAS, a CLAS representative will get back to you shortly.
For informational purposes only; content does not constitute legal advice.