HB 1427 -- WAIVERS FOR DISSOLVED CORPORATIONS DUE TO MILITARY
SERVICE

SPONSOR:  Johnson (90)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Veterans by a vote of 11 to 0.

If a corporation is administratively dissolved for failure to
file an annual registration report and the Secretary of State
determines that the failure was due to military service, this
bill authorizes the Secretary of State to waive the reinstatement
fees and other associated penalties, cancel the certificate of
dissolution, prepare a certificate of reinstatement, and provide
a copy to the corporation.

FISCAL NOTE:  No impact on state funds in FY 2007, FY 2008, and
FY 2009.

PROPONENTS:  Supporters say that the bill will protect businesses
owned by individuals serving in the military.  It allows
individuals who have been called up to active duty to reinstate
their business more easily if it has been administratively
dissolved.  Currently, the Secretary of State has no discretion
to waive fees and penalties.  The bill will give the Secretary of
State this discretionary authority.

Testifying for the bill were Representative Johnson (90); Office
of Secretary of State; and Veterans of Foreign Wars of the United
States, Missouri Department.

OPPONENTS:  There was no opposition voiced to the committee.

Alice Hurley, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am