New York S09986 mandates the Department of State to review filings for fraud and establish a procedure for addressing fraudulent entity filings.

New York S09986, known as the Fraudulent Entities Elimination Act, requires the Department of State to review filings for fraud, including those using personal information without authorization. The bill mandates the Department to charge no fee for the dissolution or modification of a business corporation created by fraud. It also establishes an administrative procedure to address fraudulent entity filings, allowing natural persons to dispute the use of their personal information in entity formation papers.

New York S09986 mandates the Department of State to review filings for fraud and establish a procedure for addressing fraudulent entity filings.

New York S09986, known as the Fraudulent Entities Elimination Act, requires the Department of State to review filings for fraud, including those using personal information without authorization. The bill mandates the Department to charge no fee for the dissolution or modification of a business corporation created by fraud. It also establishes an administrative procedure to address fraudulent entity filings, allowing natural persons to dispute the use of their personal information in entity formation papers.