HB 24-1137 Summary

• Requires registered agents to have a physical address in Colorado that is customarily open during normal business hours, excluding post office boxes.

• Allows law enforcement agencies to file complaints about fraudulent business filings with the secretary of state, with entities becoming immediately delinquent upon administrative law judge findings of fraud.

• Establishes residency verification requirements for individual registered agents, including holding a valid Colorado driver's license or identification card, or verifying residency through secretary of state policies developed by January 1, 2025.

• Creates enhanced procedures for entities delinquent for 5+ years or dissolved for 2+ years to cure delinquency or reinstate, requiring government-issued photo identification, affidavits of authority, and perjury certifications.

• Appropriates $464,310 to the department of state for 2.0 additional FTE positions and technology improvements to implement fraud prevention measures; effective 90 days after adjournment with registered agent provisions applying July 1, 2025.