On Mar. 6, WV LEG issued bill on dissolution of corporations by SoS.
WV LEG passed bill SB 262, clarifying procedure for administrative dissolution of corporations by Secretary of State (SoS); amends WV LEG 31D-14-1421, dissolutions.
Bill Provisions
If SoS determines that one or more grounds exist for dissolving a corporation, SoS shall notify the corporation by certified mail with written notice of determination.
Legislative History
On Jan. 11, 2024, bill was introduced in Senate; on Jan. 25, 2024, bill passed Senate.
On Jan. 26, 2024, bill was introduced in House; on Mar. 7, 2024, bill passed House.
Effectiveness
Bill 262 will become effective 90 days from Mar. 7, 2024 passage, on Jun. 5, 2024.
Mar. 22, 2024 WV LEG Governor Approval
On Mar. 22, 2024, WV LEG governor approved bill SB 262, effective on Jun. 5, 2024.
Regulators
WV LEG
Entity Types
Corp
Reference
Bill, 3/22/2024; Bill SB262, 3/7/2024; Citation: WV LEG 31D-14-1421;
