SB204 Summary

• Removes the requirement for corporations and foreign corporations to file annual reports with the Secretary of State of Alabama.

• Eliminates the 180-day deadline for foreign entities to deliver annual reports, renumbering remaining grounds for registration revocation.

• Removes references to annual reports from the definition of "Principal Office" and related notification procedures in corporate law.

• Repeals Section 10A-2A-16.11 entirely, which previously mandated annual report filings.

• Becomes effective October 1, 2024.