summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to the obligations of reinstated limited liability corporations. State Administration and Regulatory Oversight.
AI Summary
This bill amends Section 71 of Chapter 156C of the Massachusetts General Laws to clarify the obligations and reinstatement process for limited liability companies (LLCs) that have been administratively dissolved or revoked. The key provisions include: (1) authorizing the Secretary of State to reinstate an LLC if the required information is provided and correct; (2) allowing the Secretary to subject the reinstatement to reasonable terms and conditions, including fees; (3) specifying that a reinstated LLC resumes carrying on its business as if the dissolution or revocation had never occurred, with all its original powers, duties, and liabilities; and (4) providing that the certificate of reinstatement constitutes an amendment to the LLC's certificate of organization or application for registration, which can be further amended by the Secretary for cause.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H4481 (on 05/10/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S1680 |
| Bill | https://malegislature.gov/Bills/190/S1680.pdf |
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