HB1162 Summary

• Creates the Mississippi Registered Agents Act (Chapter 79-35) establishing uniform rules for registered agents serving entities, including appointment, change, resignation, and service of process procedures.

• Designates two types of registered agents: commercial agents (businesses listing with Secretary of State for a $100 fee) and noncommercial agents (individuals or entities serving single entities without listing).

• Authorizes the Secretary of State to administratively dissolve or revoke business entities' authority for failing to maintain a registered agent, notify of agent changes, or making false statements about agent appointments.

• Repeals existing registered agent provisions scattered across corporation, nonprofit, limited partnership, and limited liability company statutes, consolidating all service of process and agent rules into the new uniform chapter.

• Requires all business entities filing with the Secretary of State to comply with the new registered agents act and provides procedures for reinstatement following administrative dissolution or revocation.