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KS HB2117
Bill
Status
4/10/2025
Primary Sponsor
Commerce, Labor and Economic Development
Click for details
AI Summary
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Business trusts withdrawing from Kansas must now file a certificate of dissolution or withdrawal (replacing the previous trustee resolution requirement) and pay fees per K.S.A. 17-7506, with a 5-year period to wind down operations and settle legal matters
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Foreign corporations involved in mergers, consolidations, or article amendments must use forms prescribed by the Kansas Secretary of State within 30 days of the effective date, rather than certificates from their home jurisdiction
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Professional corporations and limited liability companies rendering professional services may now participate in transactions under the Kansas Business Entity Transactions Act (previously prohibited)
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Contact information provided by registered agents when resigning (including officer/director names and addresses for affected entities) will now be public record, removing the previous exemption from public records law
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Limited partnership filing fees will be set by Secretary of State rules and regulations, capped at $150 for both domestic formation and foreign registration applications; certificates no longer require a dissolution date
Legislative Description
Modifying certain business filing and fee requirements for business trusts, foreign corporations and limited partnerships; authorizing professional corporations or limited liability companies formed or organized to render a professional service to participate in transactions under the business entity transactions act; and making certain information provided by registered agents a public record.
Last Action
House Approved by Governor on Wednesday, March 26, 2025
4/10/2025