--- title: March 2018 Business Legislation Alerts description: March 2018 Business Legislation Alerts image: https://resources.clasinfo.com/hubfs/legislation.jpg --- [![CLAS Information Services](https://resources.clasinfo.com/hs-fs/hubfs/Clasinfo-Jan2017/Images/CLAS-WW-LOGOW-e1453408877443.png?width=400&height=103&name=CLAS-WW-LOGOW-e1453408877443.png "CLAS Information Services")](http://clasinfo.com/) - [Place Order](https://cip.clasinfo.com/order) - [Log In](https://cip.clasinfo.com/) (800) 952-5696 - [Our Clients](http://clasinfo.com/index.php/our-clients/) - [Solutions for Corporations](http://clasinfo.com/index.php/our-clients/corporations/) - [Solutions for Financial Institutions](http://clasinfo.com/index.php/our-clients/solutions-for-financial-institutions/) - [Solutions for Legal Professionals](http://clasinfo.com/index.php/our-clients/solutions-for-legal-professionals/) - [Solutions for Entrepreneurs](http://clasinfo.com/index.php/our-clients/solutions-for-entrepreneurs/) - 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March 2018 Business Legislation Alerts ![Blog-Banner.png](https://resources.clasinfo.com/hs-fs/hubfs/Clasinfo-Jan2017/Images/Blog-Banner.png?width=960&name=Blog-Banner.png "Blog-Banner.png") Posted on April 02, 2018 by [Kacy Flowers](https://resources.clasinfo.com/blog/author/kacy-flowers) - [Tweet](https://twitter.com/share) ![March 2018 Business Legislation Alerts](https://resources.clasinfo.com/hs-fs/hubfs/legislation.jpg?width=1024&name=legislation.jpg) Several states achieved important business legislation milestones during the month of March. Please see below for summaries of the new laws for entities in Idaho, Indiana, New Mexico, Tennessee and Utah. **IDAHO** **House Bill 379** **Entities Affected:** Non-Profit Corporations House Bill 379 was signed by the governor March 1, 2018, and relates to nonprofit corporations. The bill amends the nonprofit corporation law to require only one incorporator to sign the articles of incorporation upon formation. The bills become effective July 1, 2018. View the [bill text.](https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2018/legislation/H0379.pdf) **INDIANA** **Senate Bill 180 Entities Affected:** Various Senate Bill 180 was signed by the governor March 13, 2018, and relates to the Business Organization Code and Transactions Act. The bill changes the required information submitted in filings to the Secretary of State, qualification/registration of foreign entities, use of business entity names and administrative dissolution. A business entity can apply for reinstatement within 5 years after the date of dissolution or active status revocation. The bill is retroactively effective January 1, 2018. View the [bill text.](https://iga.in.gov/static-documents/0/2/2/a/022a7c8f/SB0180.04.ENRH.pdf) **NEW MEXICO** **Senate Bill 225** **Entities Affected:** Corporations Senate Bill 225 was signed by the governor March 1, 2018, and relates to the biennial report due date for corporations. Effective July 1, 2018, the biennial report for a corporation will be due the 15th day of the fourth month after the end of the corporation’s tax year. View the [bill text.](https://www.nmlegis.gov/Sessions/18%20Regular/bills/senate/SB0225.html) **TENNESSEE** **Senate Bill 1942 Entities Affected:** Limited Partnerships Senate Bill 1942 was signed by the governor on March 16, 2018, and relates to partnerships filed pursuant to the Uniform Limited Partnership Act. The bill requires limited partnerships to be in good standing with the Department of Revenue, with all fees, taxes and penalties current, before certain filings can be executed. In addition, the bill requires additional information be provided for certain partnership filings. The bill became effective March 16, 2018. View the [bill text.](http://www.capitol.tn.gov/Bills/110/Bill/SB1942.pdf) **UTAH** **House Bill 186 Entities Affected:** Limited Liability Companies House Bill  186 was signed by the governor on March 19, 2018, and enacts the Benefit Limited Liability Company Act. The bill provides for the formation of a benefit company, addresses the termination of a benefit company, requires a benefit company to adopt a purpose of creating general public benefit, establishes standards of conduct, creates a right of action and requires a benefit company to prepare, distribute, and make public an annual benefit report. The bill becomes effective May 8, 2018. View the [bill text.](https://le.utah.gov/~2018/bills/hbillenr/HB0186.pdf) **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](mailto:connect@clasinfo.com). Or, simply click on [Contact CLAS](https://resources.clasinfo.com/get-in-touch), a CLAS representative will get back to you shortly. 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