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Senate Finance amends H.243 to centralize certificates of good standing for businesses
Summary
The Senate Committee on Finance voted 7-0 to report H.243 with an amendment that creates a single statutory section (16‑57) to issue certificates of good standing for business organizations and cross‑references that section across Title 11 provisions for different business forms.
The Vermont Senate Committee on Finance voted 7-0 on April 8 to report S.2/H.243 as amended, adopting a committee amendment that creates a single statutory section for issuing certificates of good standing to business organizations.
The amendment adds a new section, cited in the discussion as 16‑57, that directs the secretary of state to issue a certificate of good standing “upon request of any person and payment of the applicable fee” for a business organization that is authorized to do business in the state and is ‘‘active and in good standing as of the date the certificate is issued as reflected in the records’’ of the office. The committee also directed cross‑references from existing Title 11 provisions so…
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