Bill > HB1137

This bill proposes several key changes: 1. It defines "usual place of business" for registered agents to mean a physical location in Colorado that is customarily open during normal business hours and where an authorized individual is commonly present, excluding post office boxes. 2. It requires individuals acting as registered agents to either hold a valid Colorado driver's license or ID card, or otherwise verify their residency status with the Secretary of State. 3. It allows the Secretary of State to immediately declare an entity delinquent if an administrative law judge finds or a "conceded notice and demand" sets forth that the entity was created without authorization or for fraudulent purposes. 4. It provides a process for entities that have been delinquent for 5 years or longer to cure their delinquency, which involves providing additional documentation. 5. It establishes new requirements for reinstating entities that have been dissolved for 2 years or longer. The bill also makes an appropriation to the Department of State to implement these changes.

Business and Industry, Military Affairs and Security

https://leg.colorado.gov/bills/hb24-1137