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UT SB0040

UT SB0040
Business Entity Amendments


summary

Introduced
01/20/2026
In Committee
02/05/2026
Crossed Over
01/21/2026
Passed
03/02/2026
Dead

Introduced Session

2026 General Session

Bill Summary

General Description: This bill amends provisions relating to business entities.

AI Summary

This bill amends various provisions related to business entities in Utah, primarily by reorganizing and clarifying existing statutes. It establishes new section numbering for definitions and general provisions within the Business Entity chapter, and renumbers and amends sections related to the Division of Corporations and Commercial Code, its director, and personnel. The bill also introduces new sections detailing filing requirements, forms, effective dates for filings, withdrawal of filings, corrections, and the division's duty to file or refuse filings. It clarifies rules for entity names, registered agents, foreign entities, administrative dissolution, mergers, interest exchanges, conversions, domestications, and partnerships, including the Utah Uniform Partnership Act and the Utah Limited Partnership Act. Additionally, it updates provisions for limited liability companies and the registration of "Doing Business As" (D.B.A.) names, consolidating and clarifying the responsibilities and powers of the Division of Corporations and Commercial Code. The bill also repeals numerous sections that are being replaced by the new numbering and provisions.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Senate/ to Governor in Executive Branch - Governor (on 03/03/2026)

bill text


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bill summary

Document Type Source Location
State Bill Page https://le.utah.gov/~2026/bills/static/SB0040.html
BillText https://le.utah.gov/Session/2026/bills/enrolled/SB0040.pdf
House Committee Report SB0040 https://pf.utleg.gov/public-web/sessions/2026GS/comreport/SB0040H02.pdf
House Amendment 1 https://le.utah.gov/Session/2026/bills/amended/SB0040S03.Hamd.1.pdf
Fiscal Note SB0040S03 https://pf.utleg.gov/public-web/sessions/2026GS/fiscal-notes/SB0040S03.fn.pdf
Fiscal Note SB0040S02 https://pf.utleg.gov/public-web/sessions/2026GS/fiscal-notes/SB0040S02.fn.pdf
Fiscal Note SB0040S01 https://pf.utleg.gov/public-web/sessions/2026GS/fiscal-notes/SB0040S01.fn.pdf
BillText https://le.utah.gov/Session/2026/bills/introduced/SB0040S03.pdf
Comparison to Sub #2 https://le.utah.gov/Session/2026/bills/introduced/CP%20SB0040S02%20To%20SB0040S03.pdf
Comparison to Sub #1 https://le.utah.gov/Session/2026/bills/introduced/CP%20SB0040S01%20To%20SB0040S03.pdf
Comparison to Original Bill https://le.utah.gov/Session/2026/bills/introduced/CP%20SB0040%20To%20SB0040S03.pdf
BillText https://le.utah.gov/Session/2026/bills/introduced/SB0040S01.pdf
BillText https://le.utah.gov/Session/2026/bills/introduced/SB0040S02.pdf
Comparison to Sub #1 https://le.utah.gov/Session/2026/bills/introduced/CP%20SB0040S01%20To%20SB0040S02.pdf
Comparison to Original Bill https://le.utah.gov/Session/2026/bills/introduced/CP%20SB0040%20To%20SB0040S01.pdf
Comparison to Original Bill https://le.utah.gov/Session/2026/bills/introduced/CP%20SB0040%20To%20SB0040S02.pdf
Fiscal Note SB0040 https://pf.utleg.gov/public-web/sessions/2026GS/fiscal-notes/SB0040.fn.pdf
BillText https://le.utah.gov/Session/2026/bills/introduced/SB0040.pdf
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