Arizona Corporation Commission
Corporations Division
Patricia L. Barfield - Director
Patricia L. Barfield - Director
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Phoenix Office |
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Tucson Office |
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Summary of changes in Corporations and LLC statutes made by HB2199
PLEASE NOTE that this is a summary only, and does not detail each and every change made by the bill.
Effective Date of the bill: September 30, 2009
All changes will go into effect as of September 30, 2009. The Arizona Corporation Commission website and pertinent forms are being modified to put the changes into effect as of that date.
- PUBLICATION OF WITHDRAWALS
In 2008, SB 1410 removed the publication requirement for Applications for Withdrawal filed by foreign
corporations that have transacted business or conducted affairs. HB 2199 replaces that requirement. As
of September 30, 2009, Applications for Withdrawal filed by foreign corporations under A.R.S. §§ 10-1520
or 10-11520 must be published.
- Affidavit of publication
Affects multiple statutes.
Filing an affidavit of publication is now optional in all cases where publication is required. If the statute
requires publication, the business entity must still publish, but it does not have to file the affidavit of
publication.
Articles of Incorporation: must still publish, but filing the Affidavit of Publication is not mandatory.
LLC Amendments: must still be published unless the amendment is only for certain changes (see A.R.S.
§29-633), but filing the Affidavit of Publication is not mandatory.
Voluntary dissolution: must still publish, but filing the Affidavit of Publication is not mandatory.
- LLC NAME RESERVATION
The bill clarifies that LLC name reservations are nonrenewable.
