LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 15, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1787 by Solomons (Relating to the designation or appointment of registered agents for service of process, notice, or demand on certain entities or associations. ), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Business Organizations Code relating to the designation or appointment of registered agents for service of process, notice, or demand for certain entities. The bill would define registered filing, represented domestic entity, and duties of registered agents. The bill would include penalties and liabilities for designating registered agents without their authorization or consent. The bill would require the Secretary of State to develop a written or electronic form for consenting to serve as a registered agent of an entity. The bill would be effective January 1, 2010. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:307 Secretary of State LBB Staff: JOB, JRO, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 15, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1787 by Solomons (Relating to the designation or appointment of registered agents for service of process, notice, or demand on certain entities or associations. ), Committee Report 2nd House, Substituted
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1787 by Solomons (Relating to the designation or appointment of registered agents for service of process, notice, or demand on certain entities or associations. ), Committee Report 2nd House, Substituted
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1787 by Solomons (Relating to the designation or appointment of registered agents for service of process, notice, or demand on certain entities or associations. ), Committee Report 2nd House, Substituted
HB1787 by Solomons (Relating to the designation or appointment of registered agents for service of process, notice, or demand on certain entities or associations. ), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Business Organizations Code relating to the designation or appointment of registered agents for service of process, notice, or demand for certain entities. The bill would define registered filing, represented domestic entity, and duties of registered agents. The bill would include penalties and liabilities for designating registered agents without their authorization or consent. The bill would require the Secretary of State to develop a written or electronic form for consenting to serve as a registered agent of an entity. The bill would be effective January 1, 2010.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 307 Secretary of State
307 Secretary of State
LBB Staff: JOB, JRO, BTA
JOB, JRO, BTA