S124 - Assumed Business Name/Industrial Commission Contempt/Parks. (SL 2016-100)

Overview: Parts I and II of S.L. 2016-100 update the law governing the use of assumed business names, as recommended by the General Statutes Commission. These parts do all of the following:

• Modernize language and style, provide guidance on "real names" for entities, and conform outdated conflicting provisions to more recent law.
• Provide for amending certificates of assumed names.
• Remove penalty provisions, but allow recovery of expenses incurred in locating true owners who fail to file.
• Remove an acknowledgment requirement.
• Create a new Class 1 misdemeanor for filing a knowingly false certificate.
• Require the creation of a statewide database that is searchable by the public.

These parts become effective July 1, 2017, and do not affect a civil action or proceeding commenced or a right accrued before July 1, 2017.