Bill Watch, May 1, 2015: Current Business Law Legislation of Note

The IndyBar Legislative Committee is currently monitoring the following business law related legislation. IndyBar members can request that the Legislative Committee track specific legislation by contacting committee chair Lawren Mills at lawren.mills@icemillerstrategies.com.

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SB487 BUSINESS AND OTHER ASSOCIATIONS. (GLICK S) Makes changes to business and other association laws concerning the following: (1) Filing fees for agricultural cooperative associations. (2) Requirements regarding filings and fees for certain filings with the office of the secretary of state. (3) Delivering of documents by the office of the secretary of state. (4) Meetings of shareholders of corporations, including notice requirements. (5) Merger of a parent corporation with a wholly owned subsidiary of the parent corporation. (6) Administrative dissolutions. (7) Reporting requirements. (8) Correcting documents filed with the office of the secretary of state. Repeals provisions concerning the registration of the name of a foreign corporation, foreign limited liability partnership, foreign limited partnership, foreign nonprofit corporation, or foreign limited liability company. Makes a technical correction.