ALA LEG Annual Report Requirement


On Apr. 25, ALA LEG passed bill re business annual reporting rules.


  • ALA LEG passed Bill HB 230 to remove obligation for corporations to file annual report.
  • Amends the Code of Alabama 1975 at ALA LEG 10A-1-7.12, ALA LEG 10A-2A-1.40, ALA LEG 10A-2A-1.41, ALA LEG 10A-2A-16.01, and repeals ALA LEG 10A-2A-16.11.
  • Bill Provisions
  • Removes the requirement for corporations and financial institutions to file the annual report with the Secretary of State and also removes any reference to an annual report.
  • Legislative History
  • On Feb. 27, 2024, bill introduced in House; on Mar. 19, 2024, bill was passed in House.
  • On Mar. 19, 2024, bill delivered to Senate; on Apr. 25, 2024, bill passed in Senate.
  • Effectiveness
  • Upon approval, HB 230 provisions will become effective as of Oct. 1, 2024.
  • May 2024 ALA LEG Bill Enactment
  • On May 7, 2024, ALA LEG reported bill HB 230 was enacted as Act Number 2024-213.

Regulators ALA LEG
Entity Types Corp
Reference Act 2024-213, 5/7/2024; Bill HB230, 4/25/2024; Citation: ALA LEG 10A;
Functions Compliance; Financial; Legal; Reporting
Countries United States of America
Category
State
Products Corporate
Regions Am
Rule Type Final
Rule Date 4/25/2024
Effective Date 10/1/2024
Rule Id 209709
Linked to N/A
Reg. Last Update 5/7/2024
Report Section US Consumer

Last substantive update on 05/10/2024