HB 342 Summary

• Requires disclosure of entity type in merger certificates and conversion documents for Delaware corporations and foreign corporations.

• Clarifies registered agent requirements for foreign corporations, including standards for who may serve as registered agent and procedures for reinstatement after forfeiture.

• Amends withdrawal procedures for foreign corporations by removing the option to file foreign dissolution documents and requiring a Delaware withdrawal certificate instead.

• Modifies service of process address provisions to prohibit using the registered agent's address without written consent.

• Reclassifies state charges from "taxes" to "fees" and establishes a $10 fee for reinstatement of foreign corporations, with most amendments effective August 1, 2012 (Section 8 effective August 1, 2013).