Secretary of State Ross Miller Reminds Businesses to Be Aware of New Rules
(Carson City, NV) -- New laws regarding the duties of resident agents in Nevada become effective July 1, 2008. The new laws, which are the result of the passage of SB 242 during the 2007 session of the Nevada Legislature, change the term “resident agent” to “registered agent”; create two categories of registered agents; and, change the requirements for provisions regarding the registered agents’ address as filed with the Secretary of State.
“The Model Resident Agent Act (MoRAA) changes many of the provisions of Title 7 of the Nevada Revised Statutes as it pertains to resident agents,” said Secretary of State Ross Miller. “These changes are designed primarily to create consistency among different states.”
The changes include:
- The long-standing term “resident agent” will be replaced with “registered agent” in order to be consistent with the term used by other state filing offices for the agent required by law for service of legal process on an entity.
- There will be two types of registered agents; a commercial registered agent and a noncommercial registered agent. Additionally, a specific officer of an entity may be appointed as that entities registered agent.
- Both the street address and the optional mailing address for a registered agent must be in the State of Nevada. Filings that do not comply with the address provisions of NRS 77.300 may be rejected and returned to the filer.
Also, effective July 1, 2008, commercial registered agents will receive their monthly notifications electronically.
Most of the Secretary of State’s entity related forms will be changing to reflect the provisions of MoRAA. NRS 77.430 gives the Secretary of State the authority to adopt regulations to carry out the provisions of NRS Chapter 77 and any other provision of law pertaining to registered agents, including but not limited to, maintaining a valid Nevada street address and normal business hours for service of process.
For more information, forms and regulation workshop dates visit the Nevada Secretary of State’s office or visit his website at www.nvsos.gov.