2018 -- H 7562

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LC004304

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS -- THE RHODE

ISLAND LIMITED LIABILITY COMPANY ACT

     

     Introduced By: Representatives Marshall, Solomon, Edwards, O'Brien, and Casey

     Date Introduced: February 09, 2018

     Referred To: House Corporations

     (Secretary of State)

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 7-16-8 of the General Laws in Chapter 7-16 entitled "The Rhode

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Island Limited Liability Company Act" is hereby amended to read as follows:

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     7-16-8. Filing. [Effective until July 1, 2020.].

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     (a) The secretary of state may not accept for filing any document under this chapter that

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does not conform with law.

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     (b) The secretary of state may not accept for filing any organizational document,

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qualification, registration, change of resident agent report, service of process, notice, or other

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document until all required filing and other fees have been paid to the secretary of state.

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     (c) The secretary of state may not accept for filing any article of dissolution, cancellation

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of registration, article of merger, unless the surviving entity is a domestic entity of record with the

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office of the secretary of state, or the reinstatement of a limited liability company's certificate of

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organization or registration until all required filing and other fees have been paid to the secretary

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of state and all fees and taxes have been paid, as evidenced by an appropriate certificate of good

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standing issued by the Rhode Island division of taxation.

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     (d) The secretary of state may not accept for filing a certificate of conversion to a non-

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Rhode Island entity until all required filing and other fees have been paid to the secretary of state

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and all fees and taxes have been paid, as evidenced by an appropriate certificate of good standing

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issued by the Rhode Island division of taxation.

 

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     (e) When the secretary of state accepts the articles of organization or a certificate of

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registration or any other document filed under this chapter, the secretary of state shall:

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     (1) Endorse on the document the date and time of its acceptance for filing;

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     (2) Promptly file the document; and

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     (3) Issue a certificate or other evidence that establishes:

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     (i) That the document was accepted for filing by the secretary of state; and

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     (ii) The date and time of the acceptance for filing.

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     (f) The document becomes effective upon the issuance of the certificate or other evidence

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or at any later date that is set forth within the document, not more than thirty (30) ninety (90) days

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after the filing of such document.

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     7-16-8. Filing. [Effective July 1, 2020.].

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     (a) The secretary of state may not accept for filing any document under this chapter that

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does not conform with law.

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     (b) The secretary of state may not accept for filing any organizational document,

15

qualification, registration, change of resident agent report, service of process, notice, or other

16

document until all required filing and other fees have been paid to the secretary of state.

17

     (c) The secretary of state may not accept for filing any article of dissolution, cancellation

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of registration, or article of merger until all required filing and other fees have been paid to the

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secretary of state and all fees and taxes have been paid.

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     (d) The secretary of state may not accept for filing the reinstatement of a limited-liability

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company's certificate of organization or registration until all required filing and other fees have

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been paid to the secretary of state and all fees and taxes have been paid, as evidenced by an

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appropriate certificate of good standing issued by the division of taxation.

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     (e) The secretary of state may not accept for filing a certificate of conversion to a non-

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Rhode Island entity until all required filing and other fees have been paid to the secretary of state

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and all fees and taxes have been paid.

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     (f) When the secretary of state accepts the articles of organization or a certificate of

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registration or any other document filed under this chapter, the secretary of state shall:

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     (1) Endorse on the document the date and time of its acceptance for filing;

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     (2) Promptly file the document; and

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     (3) Issue a certificate or other evidence that establishes:

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     (i) That the document was accepted for filing by the secretary of state; and

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     (ii) The date and time of the acceptance for filing.

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     (g) The document becomes effective upon the issuance of the certificate or other

 

LC004304 - Page 2 of 4

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evidence or at any later date that is set forth within the document, not more than thirty (30) ninety

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(90) days after the filing of such document.

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     SECTION 2. This act shall take effect on January 1, 2019.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS -- THE RHODE

ISLAND LIMITED LIABILITY COMPANY ACT

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     This act would provide that the alternate window for documents filed with the secretary

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of state to take effect is increased from up to thirty (30) days to up to ninety (90) days.

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     This act would take effect on January 1, 2019.

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