Corporations; payment of annual registration fees. (HB612)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Description

Corporations; payment of annual registration fees.  Requires that payments of annual registration fees assessed against a corporation be applied to the corporation's oldest unpaid annual registration fee assessment or penalty. The measure provides that annual registration fees shall be due in the anniversary month of the date when the corporation was incorporated, or authorized to transact business or conduct its affairs in the Commonwealth if it is a foreign corporation. The measure also clarifies the procedure by which a corporation's corporate existence or authority to transact business or conduct its affairs in the Commonwealth is automatically terminated if it fails to pay its annual registration fee by the last day of the fourth month following the fee's due date.   View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.