MS HB1410

Removes the 10-year limit on shareholder voting trusts, allowing them to remain valid for whatever period is specified in the trust agreement

Eliminates the 10-year cap on voting trust extensions, permitting extensions for any duration specified in the extension agreement

Clarifies that an administratively dissolved corporation continues its corporate existence but may only conduct business necessary to wind up operations, liquidate affairs, and notify claimants

Preserves the authority of a dissolved corporation's registered agent and maintains the validity of contracts, deeds, mortgages, and liens despite administrative dissolution

Effective date of July 1, 2017