Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB1787 by Solomons (Relating to the designation or appointment of registered agents for service of process, notice, or demand on certain entities or associations. ), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Business Organizations Code relating to the designation or appointment of registered agents for service of process, notice, or demand for certain entities. The bill would define registered filing, represented domestic entity, and duties of registered agents. The bill would include penalties and liabilities for designating registered agents without their authorization or consent. The bill would require the Secretary of State to develop a written or electronic form for consenting to serve as a registered agent of an entity. The bill would be effective January 1, 2010.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.