A bill for an act providing for certain business entities acting under the jurisdiction of the secretary of state by providing for the removal of information from a filing based on a sworn affidavit and administrative dissolution based on the response to interrogatories.(See SF 2402.)
Impact
If enacted, SSB3165 will significantly impact the way businesses interact with state regulations by introducing more flexible avenues for them to manage their official filings. The provisions regarding the removal of information through sworn affidavits are designed to reduce bureaucratic hurdles, potentially increasing compliance rates among business entities. Furthermore, the bill enables administrative dissolution based on responses to interrogatories, thus addressing situations where businesses fail to maintain their compliance with reporting requirements. This could also enhance the efficiency of enforcement actions against non-compliant entities.
Summary
SSB3165 is a legislative proposal aimed at amending existing regulations surrounding business entities that operate under the jurisdiction of the Secretary of State. The bill specifically addresses the procedural aspects of filing changes, allowing for the removal of information based on a sworn affidavit. This change is intended to streamline the management of business filings and clarify the process for business owners, ensuring that their information remains accurate and relevant in the official records.
Contention
One notable point of contention surrounding SSB3165 is the balance between simplifying processes for businesses and ensuring adequate regulatory oversight. While proponents of the bill argue that reducing procedural barriers will foster a more business-friendly environment, critics may raise concerns about the potential for misuse of the affidavit process, leading to inaccurate public records. The concept of administrative dissolution based solely on interrogatory responses may also be debated, with questions about its implementation and fairness toward businesses that may be struggling to comply due to various reasons.
Related
A bill for an act providing for certain business entities acting under the jurisdiction of the secretary of state by providing for the removal of information from a filing based on a sworn affidavit and administrative dissolution based on the response to interrogatories.(See HF 2678.)
Replaced by
A bill for an act providing for certain business entities acting under the jurisdiction of the secretary of state by providing for the removal of information from a filing based on a sworn affidavit and administrative dissolution based on the response to interrogatories.(Formerly SSB 3165.)
Replaced by
A bill for an act providing for certain persons acting under the jurisdiction of the secretary of state, including by providing for information from required filings, and the administrative dissolution of certain entities, and making penalties applicable. (Formerly HSB 665.) Effective date: 07/01/2026.
Reforms the organizational structure for the Department of Transportation and Development including its duties, powers, and responsibilities of officers and employees (EN INCREASE SD EX See Note)