CS/HB 661 Summary

• Authorizes limited liability companies, corporations, and partnerships to correct filed records containing inaccuracies, defective execution, or false/misleading/fraudulent information within 30 days of filing.

• Waives Department of State filing fees for correction documents filed within 15 days after the notification of the original filing if submitted to correct false, misleading, or fraudulent information.

• Requires the Department of State to send filing notifications by electronic mail to the entity's registered address or provide a certified copy by mail, and notify both new and prior addresses if contact information changes.

• Creates new correction procedures for partnerships and limited liability partnerships, specifying that corrective articles describe the original filing date, identify the error or defect, and become effective retroactively except as to persons adversely affected by reliance on the uncorrected document.

• Effective July 1, 2018.