HB1209

House Bill 1209 amends Arkansas state law to establish a mandatory timeframe for the Secretary of State to remove the names of dissolved corporations and limited liability companies (LLCs) from their registry. Specifically, the bill mandates that these names, including fictitious names, be removed from the state registry within three years of the entity's dissolution. Once the three-year period has passed and the name is removed, it becomes available for use by other businesses forming in the state. The bill applies these requirements to multiple sections of the Arkansas Code governing business corporations and limited liability companies. This legislative action aims to streamline corporate name availability by ensuring that names of defunct entities do not remain indefinitely reserved in the state's database.