RDCSB54 506 2140
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
SB 54 Reengrossed 2020 Regular Session Foil
Present law provides that each corporation shall continuously maintain a registered office
and a registered agent in the state.
Present law provides that a registered agent may be a domestic or foreign corporation or
other eligible entity that does the following:
(1)Continuously maintains an office in this state, and in the case of a foreign
corporation or foreign eligible entity, is authorized to transact business in the state.
(2)Files with the secretary of state a statement setting forth the names of at least two
individuals at its address in the state, each of whom is authorized to receive any
process served on it as such agent.
Proposed law retains present law and adds a third requirement that a domestic or foreign
corporation or other eligible entity must also be authorized by its organizational documents
to act as the agent of the corporation for service of process to be a registered agent.
Present law requires the secretary of state to revoke the articles of incorporation and
franchise of such corporation under certain circumstances. Provides that the secretary of
state shall, without charge, record notice of such revocation as required by law.
Proposed law removes present law requirement of the secretary of state to record notice of
the revocation of the articles of incorporation.
Present law provides relative to special corporations and the articles of incorporation of a
cooperative.
Proposed law retains present law and provides that the articles of incorporation may include
a provision permitting or making obligatory indemnification of a director or officer under
certain circumstances.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 12:1-501 (intro. para.), 12:262.1(C) and 406(A); adds R.S. 12:1-501(2)(b)(iii))
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill
1. Technical changes.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Commerce to the
reengrossed bill:
1. Make technical changes.
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