HB5139 Summary

• Amends business entity laws to revise filing fees and procedures for not-for-profit corporations, limited liability companies, partnerships, and limited partnerships.

• Establishes electronic filing procedures for documents and reports, with electronic submission satisfying signature requirements under penalty of perjury.

• Allows agents for service of process to resign by filing written notice with the Secretary of State and mailing notice to the entity at least 10 days before filing, with a 60-day period for entities to appoint a new agent.

• Creates reinstatement procedures for entities whose status has expired or been administratively dissolved/revoked, requiring filing of application, all due reports, and payment of all fees and penalties.

• Revises administrative dissolution and revocation procedures to require the Secretary of State to file determination records and send copies to the entity's agent for service of process or designated office, with 60-day cure periods before final dissolution or revocation.