HB 1169 -- CORPORATE NAME RESERVATIONS

SPONSOR:  Cooper (120)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Judiciary by a vote of 13 to 0.

Currently, the Secretary of State reserves a corporate name for
an applicant's exclusive use for a 60-day period.  This bill
extends that holding period to a maximum of 180 days from the
date of the first application and prohibits the name from being
placed back in a reserve status.

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

PROPONENTS:  Supporters say that the bill will clarify the state
policy for corporate name reservations for not-for-profit
companies.  Currently, for-profit corporations are bound by the
180-day reserve status period.  The bill will make not-for-profit
and for-profit corporate name reservations uniform.

Testifying for the bill were Representative Cooper (120); and
Office of 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 9:42 am