SB 845 -- WAIVERS FOR DISSOLVED CORPORATIONS DUE TO MILITARY
SERVICE

SPONSOR:  Kennedy (Johnson, 90)

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

This bill allows the Secretary of State to waive reinstatement
fees and procedures required for reinstatement in the event that
a corporation was administratively dissolved due to a failure to
file an annual registration report when the failure was due to
the business owner's active military service.  In such a
circumstance, the Secretary of State will waive all late fees,
cancel the certificate of dissolution, and reinstate the
corporation.

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

PROPONENTS:  Supporters say that the bill protects active-duty
military members who are business owners.  By waiving the late
fees, individuals serving our country will be given the benefit
of extra time to file their annual registrations without penalty.

Testifying for the bill were Senator Kennedy; and Office of the
Secretary of State.

OPPONENTS:  There was no opposition voiced to the committee.

Alex Curchin, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:46 am