Public Record Due Diligence: The Lis Pendens Notice
County level due diligence often includes searching for tax liens, UCC fixture filings and judgment liens. But what about lis pendens notices?
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Obscenity in Company Names
Legal entity name rules differ greatly across states, especially when business names approach inappropriate language. Choosing an acceptable name can be challenging, as states impose strict requirements for entity names, including aliases and assumed names.
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California Public Companies Must Have Women on Boards by 2020
By the end of the 2019 calendar year, every publicly held domestic and foreign corporation with the principal executive office located in California (per its SEC 10-K form) must have at least one woman serving on the board of directors.
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The Illinois Limited Liability Company Act’s Business‑Friendly Makeover
Recent amendments to the Illinois Limited Liability Company Act are making the state more accommodating for businesses, focusing on increased flexibility and reduced administrative requirements.
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Thanksgiving for Blog Contributions, Big and Small
As a celebration of the people who make this blog possible (and a chance to catch up), we’re taking Thanksgiving Day to highlight popular 2018 posts.
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Let’s Get Physical: Address Requirements for State FOIA Requests
State laws grant the public the right to request state and local records, ensuring access to information similar to the federal Freedom of Information Act (FOIA). However, various exemptions allow agencies to limit or withhold certain information.
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Use of the Legal Entity Identifier (LEI) for Financial Transactions Continues to Grow
Building a shared understanding of entities and ownership that promotes increased transparency in the financial sector, the use of LEIs allows transacting parties and financial institutions to better evaluate their level of risk and exposure in a given transaction.
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Delaware Enacts LP and Partnership Amendments
On July 23, 2018, Delaware Governor John Carney enacted Senate Bill 182, introducing amendments to the Delaware Revised Uniform Limited Partnership Act (Delaware Code, Title 6, Chapter 17, §§17-101 to 17-1111). Some provisions took effect on August 1, 2018, while others became effective on August 1, 2019.
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Delaware Enacts Limited Liability Company Act Amendments
On July 23, 2018, Delaware Governor John Carney signed Senate Bill 183 into law, amending the Delaware Limited Liability Company Act (Delaware Code, Title 6, Chapter 18, §§18-101 to 18-1109).
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Amendments to Delaware General Corporation Law
On July 23rd, 2018, Delaware Governor John C. Carney signed Senate Bill No. 180 into law, amending Title 8, Chapter 1, §§101-398 of the Delaware General Corporation Law. While the amendment §102(a)(1) does not go into effect until August 1st, 2019, the other provisions discussed in this summary are effective August 1st, 2018.
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