The bill allows the Secretary of State to remove unauthorized information from filings and to administratively dissolve business entities based on.
The bill provides mechanisms for the Secretary of State to address unauthorized information in filings and to dissolve business entities administratively. It allows the Secretary of State to remove information from a filing based on a sworn affidavit of unauthorized use. The bill also allows the Secretary of State to serve interrogatories on business entities if credible information suggests fraudulent, criminal, or unlawful use. Failure to respond to interrogatories or a response indicating a violation can lead to administrative dissolution of the entity.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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