July 2024 Business Legislation Alerts

Several states achieved important business legislation milestones during the month of July. Please see below for a summary of the new laws in Delaware, Florida, New Hampshire, and Ohio.

Business Organization Legislation

DELAWARE

The governor signed Senate Bill 313 on 7/17/2024 to amend the general corporation law. The amendments make changes regarding contracts between a corporation, its shareholders, and beneficial owners. The new law takes effect on 8/1/2024.

FLORIDA

The governor signed Senate Bill 1198 on 6/26/2024 to address ratification of defective corporate actions, including notice requirements and filing articles of validation. The new law took effect on 7/1/2024.

NEW HAMPSHIRE

The governor signed House Bill 645 (2023) on 7/26/2024 to authorize the creation of distributed autonomous organizations as legal entities in the state. The new law takes effect on 7/1/2025.

OHIO

The governor signed House Bill 301 (2023) on 7/24/2024 to amend non-profit corporation law regarding dissolutions. The new law takes effect 91 days after the bill is filed with the secretary of state.

The governor signed Senate Bill 98 (2023) on 7/24/2024, which includes provisions to address fraudulent business filings with the secretary of state. The provisions prohibit (i) the use of a person’s name on a business filing without the person’s consent, including that of a statutory agent; (ii) the use of an address on a business filing without the consent of the occupant of that address; and (iii) delivery of a document to the secretary of state without the necessary consent or authority to do so. The bill further provides a complaint process for persons named or affected by a document filed in violation of the foregoing, and remedies if the secretary of state determines that a document was filed in violation of the act. The new law takes effect 91 days after the bill is filed with the secretary of state.

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.