Several states achieved important business legislation milestones during the month of June. Please see below for a summary of the new laws in Connecticut, Delaware, and Rhode Island.
Business Organization Legislation
CONNECTICUT
The governor signed Senate Bill 428 on 6/4/2024 to revise business registration requirements for filing with the secretary of state. Among other changes, this law requires businesses to provide a valid email address to the secretary of state and allow the secretary of state to provide certain notices to businesses by email instead of by registered or certified mail as provided by current law. It also prohibits the use in advertising by a business of an assumed name that suggests a business is located in a municipality unless it is actually located there. The new law takes effect on 1/1/2025.
DELAWARE
Senate Bill 313, which would amend the general corporation law, passed the Senate on 6/13/2024, passed the House on 6/20/2024 and is pending delivery to the governor. The amendments make changes regarding contracts between a corporation, its shareholders and beneficial owners.
RHODE ISLAND
House Bill 8116, which would repeal and replace the state’s Limited Liability Company Act with a newer and updated model act, passed the House on 6/10/2024.
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.