Compliance News Alert: Nebraska Net Tangible Benefits Disclosure
May 7, 2019
On May 1, 2019 Gov. Eric Holcomb (R) signed into law IN HB 1487 (2019) which, inter alia, amends Ind. Code Ann. § 26-1-9.1-521 to permit the use of either the Indiana Secretary of State’s version of the Uniform Commercial Code (“UCC”) forms (e.g. UCC-1 and UCC-3) or the International Association of Commercial Administrators. This particular change takes effect on June 1, 2019.
We are currently reviewing this change to determine any impact to our document library and/or systems and evaluating any necessary changes. Any modifications we make will be announced on our website (https://compliance.docutech.com/).
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.