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ND HB1127
Bill
Status
3/21/2019
Primary Sponsor
Vernon Laning
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AI Summary
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Replaces "deceptively similar" standard with "distinguishable in the records of the secretary of state" for all entity name requirements across cooperatives, corporations, limited liability companies, limited partnerships, limited liability partnerships, limited liability limited partnerships, real estate investment trusts, and trade names.
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Requires written consent from holders of similar names or a court judgment establishing prior rights to use a name when the secretary of state determines a proposed name is not distinguishable from existing registered names.
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Maintains filing fees of ten dollars for consent to use similar names across all entity types and chapters.
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Grants the secretary of state authority to adopt rules to determine whether names are distinguishable in state records.
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Becomes effective upon the secretary of state's certification that all necessary administrative rules and information technology systems are ready for implementation.
Legislative Description
The names of cooperatives, corporations, limited liability companies, domestic and foreign real estate investment trusts, limited partnerships, fictitious partnerships, and limited liability partnerships; and to provide a contingent effective date.
Last Action
Signed by Governor 03/20
3/21/2019