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HB 24-1137 CO
Became Law

Implement Fraudulent Filings Group Recommendations

CO · session 2024A · Assembly / House · bill

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Introduced Jan 29, 2024

Latest action (Jun 3, 2024) Introduced In House - Assigned to Business Affairs & Labor

Summary

The act implements the legislative recommendations of the fraudulent filings working group as identified in the working group's February 2023 report. These recommendations make the following changes: On and after July 1, 2025, a registered agent who is an individual and not a business entity is required to hold a valid Colorado driver's license, state identification, or otherwise verify the individual's residency status; A registered agent that is a business entity is required to be in good standing in the Colorado business registry; A registered agent is prohibited from using a United States or commercial post office box as the registered agent's address; The secretary of state is authorized to change a business entity's status to delinquent in the business registry immediately following a finding or concession that the entity was created or registered without authorization or for fraudulent purposes; A law enforcement agency is allowed to initiate a fraudulent filing complaint regarding a business entity; A business entity that has been delinquent for 5 years or longer can cure its delinquency only after the filing of an affidavit and photographic identification in addition to the already required statement; A business entity that has been dissolved for 2 years or longer can be reinstated only after the filing of an affidavit and photographic identification in addition to the already required articles of reinstatement; and The perjury statement affirmed by all persons when delivering a document to be filed with the secretary of state is simplified. For the 2024-25 state fiscal year, $464,310 is appropriated from the department of state cash fund to the department of state for use by the business and licensing division and the information technology division for personal services and operating expenses. APPROVED by Governor June 3, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)

Sponsors (4)

Action history (14)

  1. Jun 3, 2024 Governor Signed · executive
  2. May 28, 2024 Sent to the Governor · executive
  3. May 28, 2024 Signed by the President of the Senate · upper
  4. May 28, 2024 Signed by the Speaker of the House · lower
  5. May 8, 2024 Senate Third Reading Passed - No Amendments · upper
  6. May 7, 2024 Senate Second Reading Special Order - Passed - No Amendments · upper
  7. May 7, 2024 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
  8. May 6, 2024 Senate Committee on State, Veterans, & Military Affairs Refer Unamended to Appropriations · upper
  9. May 5, 2024 Introduced In Senate - Assigned to State, Veterans, & Military Affairs · upper
  10. May 4, 2024 House Third Reading Passed - No Amendments · lower
  11. May 3, 2024 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
  12. May 3, 2024 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
  13. Feb 8, 2024 House Committee on Business Affairs & Labor Refer Unamended to Appropriations · lower
  14. Jan 29, 2024 Introduced In House - Assigned to Business Affairs & Labor · lower

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