2015 Legislation

HB 57 Benefit Corporations Amendments

This bill corrects the definition of "minimum status vote"; requires annual benefit reports to be filed with the Division of Corporations and Commercial Code at the same time the corporation files the annual report with the Division of Corporations and Commercial Code; and makes technical changes.

SB 74 Unincorporated Business Entities Related Amendments

This bill addresses permitted names related to a limited liability company; requires filings to be typewritten or computer generated; modifies language related to entities converting to a different type of entity; addresses location of notice of series that is filed with the division; and makes technical and conforming amendments.

SB 93 S2 Uniform Commercial Code Filing Amendments

This bill addresses the effectiveness of a filed record; provides for the termination of a wrongfully filed financing statement and possible reinstatement; modifies the provision of what constitutes a filing and the effectiveness of a filing; creates a crime for certain filings filed with intent to harass or defraud; and makes technical and conforming amendments.

SB 174 Registered Agents Amendments

This bill requires an entity, especially assumed name filings, to designate a registered agent; provides for changes in registered agents; and makes technical changes.

SB 206 Utah Revised Business Corporation Act Amendments

This bill amends the purposes for which a corporation may be formed under the act; amends the general powers of a corporation under the act; and makes technical changes.

SB 218 Nonprofit Corporation Act Amendments

This bill modifies definition provisions; provides for use of electronic transmissions; addresses private foundations; addresses incorporation; provides for mutual benefit corporations to purchase memberships; modifies provision addressing no property rights; addresses action without meeting; modifies provision related to voting entitlement; modifies provisions related to board of directors; addresses authorized actions of a committee of the board; modifies provisions related to conflicting interest transactions; modifies provisions related to court-ordered indemnification of a director; addresses provisions related to articles of incorporation; provides for voting members to vote on amendment to convert to a corporation; modifies effect of dissolution provision; and makes technical and conforming changes.