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MS SB2510

Bill

Status

Passed

6/23/2020

Primary Sponsor

Sally Doty

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Amends Section 79-29-1072 to add grounds for administrative revocation of foreign limited liability company registrations in Mississippi.

  • Adds delinquency in tax or other payments owed to the State of Mississippi as reported by the Department of Revenue as a new ground for revocation.

  • Renumbers existing provisions, with misrepresentation in applications or reports becoming ground (g) instead of (f).

  • Requires the Secretary of State to provide at least 60 days' notice before effective date of administrative revocation, addressed to the company's registered agent or the company itself.

  • Allows foreign limited liability companies to cure failures before the revocation effective date to maintain authority to transact business in Mississippi.

Legislative Description

Foreign limited liability companies; revise administrative revocation.

Last Action

Approved by Governor

6/23/2020

Committee Referrals

Judiciary A3/25/2020
Judiciary, Division A2/14/2020

Full Bill Text

No bill text available