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MN HF1112
Bill
Status
5/24/2013
Primary Sponsor
Ryan Winkler
Click for details
AI Summary
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Authorizes Secretary of State to collect email addresses on business entity filing forms and allows entities to opt out of bulk data sharing, with limited exceptions for digitally scanned or created images provided upon specific request.
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Establishes standard of conduct for cooperative directors requiring them to discharge duties in good faith, in the cooperative's best interests, with ordinary prudent person care, and provides liability protection for directors meeting this standard.
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Modifies administrative dissolution procedures for limited partnerships by clarifying notice requirements when agents resign and establishing conditions for certificate issuance by the Secretary of State.
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Revises foreign limited liability partnership qualification requirements to allow listing alternate names in the statement itself rather than requiring submission of a certified resolution.
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Modifies restrictions on use of Social Security numbers maintained by Secretary of State to exclude tax identification numbers from privacy protections in central filing systems and farm product lien contexts.
Legislative Description
Secretary of state duties and responsibilities modified, and standard of conduct provided for directors of cooperatives.
Last Action
Secretary of State Chapter 110
5/24/2013