Bill > SB0041

This bill makes several technical amendments to Utah law concerning business entities, primarily by updating references to existing statutes and clarifying terminology. Key changes include updating references to the "Utah Revised Uniform Limited Liability Company Act" from Title 48, Chapter 3a to Title 16, Chapter 20, and updating references to the "Model Registered Agents Act" to "Chapter 1a, Part 4, Registered Agent of an Entity" within Title 16. It also updates references related to corporations and nonprofit corporations to align with the new numbering and structure of Title 16, Chapter 1a. Additionally, the bill clarifies provisions related to the filing of annual reports, registered offices and agents, and the organization and powers of various business entities, including industrial banks and limited liability companies. The bill also renumbers and amends sections related to professional services companies, series limited liability companies, benefit limited liability companies, and decentralized autonomous organizations, ensuring consistency with the updated business entity statutes. Finally, it makes conforming amendments across various other titles that reference business entity laws, such as those related to insurance, real estate, and professional licensing, to reflect these changes.

Business and Industry

https://le.utah.gov/~2026/bills/static/SB0041.html