HB 1893 Youth-controlled online businesses; registered office.
Charniele L. Herring | all patrons    ...    notes
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Summary as introduced:
Youth-controlled online businesses; registered office. Establishes a procedure through which a youth-controlled online business is exempted from the requirement that it establish and maintain a registered office for its first year of existence. If it avails itself of this procedure, process will be delivered to the clerk of the State Corporation Commission (the Commission). Upon such delivery, the clerk of the Commission is required to contact the registered agent of the youth-controlled online business at his email address, and the registered agent is given 10 days to accept the service. The measure defines a youth-controlled online business as a domestic stock corporation in which a majority of the members of the board of directors were, on the effective date of its incorporation, between the ages of 18 and 25 or a domestic limited liability company in which a majority of the managers of a manager-managed limited liability company or a majority of the members of a member-managed limited liability company were, on the effective date of its formation, between the ages of 18 and 25, and which entity corporation or limited liability company conducts a commercial enterprise through which it sells products, services, or advertising online using the communications infrastructure of the Internet, and further provided that its commercial establishment is not operated from a specific, identifiable, or dedicated office or other structure.

Full text:
01/10/17  House: Prefiled and ordered printed; offered 01/11/17 17101502D  pdf | impact statement

Status:
01/10/17  House: Prefiled and ordered printed; offered 01/11/17 17101502D
01/10/17  House: Referred to Committee on Science and Technology
01/30/17  House: Referred from Science and Technology by voice vote
01/30/17  House: Referred to Committee for Courts of Justice
01/31/17  House: Assigned Courts sub: Civil Law
02/01/17  House: Subcommittee recommends laying on the table by voice vote
02/07/17  House: Left in Courts of Justice