HB 527 -- CORPORATE NAME RESERVATIONS

SPONSOR:  Cooper (120)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Judiciary
by a vote of 9 to 1.

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 2008, FY 2009, and
FY 2010.

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 the not-for-
profit and for-profit corporate name reservation process uniform.

Testifying for the bill were Representative Cooper (120); and
Office of Secretary of State.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am