Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Senate committee pauses bill to set standards for LLC name reviews

Insurance & Commerce - Senate · February 14, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate Bill 205, which would set objective rules for when the Secretary of State may reject similar business names, was presented and then pulled for further drafting after senators raised concerns about wording in Section 3 that could limit agency discretion.

Sharon, the bill presenter, told the Senate Insurance & Commerce Committee that "Senate bill 205 changes the way the secretary of state evaluates, LLC names," noting attorneys had reported long delays and inconsistent rejections.

The measure would add parameters for when the Secretary of State (SOS) may determine a proposed corporate or LLC name is not distinguishable from an existing registration. Proponents said the change is intended to reduce…

Already have an account? Log in

Subscribe to keep reading

Unlock the rest of this article — and every article on Citizen Portal.

  • Unlimited articles
  • AI-powered breakdowns of topics, speakers, decisions, and budgets
  • Instant alerts when your location has a new meeting
  • Follow topics and more locations
  • 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans