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MS SB2640

Bill

Status

Failed

3/6/2012

Primary Sponsor

Eugene Clarke

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Creates the Mississippi Registered Agents Act (Chapter 79-35) establishing uniform statewide rules for registered agents serving entities, replacing scattered provisions across corporate, LLC, and partnership laws.

  • Defines commercial registered agents (those listed with Secretary of State) and noncommercial registered agents, with commercial agents permitted to serve multiple entities and noncommercial agents serving individual entities.

  • Establishes filing fees: $100 for commercial agent listing, $50 for termination, $10 per entity for statement of change (capped at $1,000), and allows Secretary of State to reduce fees for electronic filings.

  • Requires registered agents to forward process and notices to represented entities and maintain current information; provides procedures for agent resignation, changes in agent information, and service of process when agent cannot be located.

  • Repeals scattered registered agent provisions from corporation, nonprofit, partnership, and LLC statutes and adds administrative dissolution procedures for entities that fail to maintain proper registered agents; effective January 1, 2013.

Legislative Description

Service of process; Model Registered Agents Act (ULC).

Last Action

Died In Committee

3/6/2012

Full Bill Text

No bill text available