This bill amends various sections of Kansas law concerning business entities, specifically focusing on the requirements for business trusts, foreign corporations, and limited partnerships. It mandates that business trusts must file a certificate of dissolution or withdrawal with the Secretary of State and pay the associated fees when they surrender their authority to conduct business in Kansas. Additionally, foreign corporations are required to use a form prescribed by the Secretary of State when filing information related to mergers or amendments to their articles of incorporation. The bill also allows professional corporations and limited liability companies that provide professional services to engage in transactions under the business entity transactions act, and it modifies the filing requirements and fees for limited partnerships.

Key changes include the deletion of previous requirements for business trusts to submit a certified copy of a resolution for withdrawal and the withdrawal fee, which has been replaced with a standard fee as specified in K.S.A. 17-7506. The bill also removes the requirement for foreign corporations to provide a certificate from their jurisdiction when filing for mergers or amendments, instead requiring a prescribed form. Furthermore, it makes certain information provided by registered agents a public record and repeals several existing statutes that are now outdated due to these amendments. The act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 17-2037, 17-7302, 17-78, 17-7929, 56-1a151, 56-1a605, 17-7908, 17-2707