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Senate advances H.243 to third reading after committee-recommended amendments to business-organization law
Summary
The Vermont Senate voted to propose committee amendments to H.243, a 106-page update to Titles 11/11A/11B/11C that harmonizes terminology, updates registered-agent rules, and tasks the Secretary of State with a study of the online filing system; the Senate Finance Committee reported the bill favorably, 7-0.
The Vermont Senate voted to propose committee amendments to H.243, a 106-page bill that updates state law governing corporations, partnerships and other business entities, and advanced the measure to a third reading.
Senator Matos of Chittenden North, reporting for the Senate Committee on Finance, told colleagues the bill’s changes fall into four categories: technical corrections, harmonization of terms, elimination of redundancies and new language to help prevent fraudulent business filings with the Secretary of State’s office. "Titles 11, 11 a, 11 b, and 11 c of the Vermont Statutes Annotated generally govern Vermont's business…
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