Eliminates publication requirements for limited liability companies and certain partnerships; establishes a department of state modernization fund.
New York S06483 removes the requirement for limited liability companies and certain partnerships to publish their articles of organization and registrations. Instead, the Department of State will make these documents available on its website and transmit copies to the Department of Law for publication. The bill also establishes the Department of State Modernization Fund to cover costs related to website modernization and electronic document filing. The fund will receive revenues from electronic filing fees and other sources.
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