House Bill 2352

Specifies that principal office of business entity incorporated or organized in this state or authorized to transact business in this state must have physical street address that may not be commercial mail receiving agency, mail forwarding business or virtual office. Authorizes Secretary of State to investigate alleged or potential violations of business entity statutes and require business entity to provide list of shareholders, directors, members and other persons and respond to interrogatories in course of investigation or in response to request from law enforcement agency. Permits Secretary of State to impose penalties or seek dissolution of business entity that violates statutes or fails to cooperate with investigation. Permits Department of Revenue to recommend dissolution of business entity that fails to comply with tax laws of state. Subjects directors, officers, employees, members and managers of business entity to claim for damages from person that suffers ascertainable loss of money or property resulting from knowing dissemination of materially false statement concerning certain aspects of business entity's finances and operations. Permits Attorney General to bring action to enjoin business entity from continuing violation of business entity statutes or to seek judicial dissolution or other relief necessary to protect shareholders or remedy consequences of violation. Becomes operative on January 1, 2018. Takes effect on 91st day after adjournment sine die. .

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 9 – Jul 7

1. Jan 9Introduced
2. Jan 17Sent to Business and Labor
3. Jul 7Died when the session ended