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Senate committee pauses bill to set standards for LLC name reviews
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…
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