The Model Registered Agents Act - A Word (or Two) to the Wise

13 Pages Posted: 5 Oct 2012 Last revised: 19 Apr 2014

See all articles by Carol R. Goforth

Carol R. Goforth

University of Arkansas - School of Law

Date Written: 2008

Abstract

The 2007 Model Registered Agents Act (“the Act”), combined with statutory amendments and repeals, consolidates provisions regarding service of process and registered agents for a wide variety of Arkansas businesses. This article provides an overview of the essential provisions of the Act and its effects on business entities, agents, and third parties. Additionally, it offers a brief assessment of how the provisions change prior law. The Act is much more extensive than the business entity statute provisions it replaced. The provisions of the Act address commercial agents, duties of agents, jurisdiction and venue, and provide detailed rules for service of process when a registered agent cannot be served with reasonable diligence. A substantive set of new provisions in the Act relate to the concept of the “commercial registered agent.” The Act also contains an important provision that has no precursor under Arkansas law, which gives a specific recitation of a registered agent’s duties, regardless of whether an agent is a commercial registered agent. The main benefits of this Act are that the rules are now consistent, thorough, and collected in a single place, making Arkansas law more clear and simple for both businesses and persons needing to obtain service over them.

Keywords: Arkansas, business, Model Registered Agents Act, National Conference of Commissioners on Uniform State Laws, NCCUSL, agent, entity, commercial registered agent, registered agent

JEL Classification: K00, K2, K20, K22

Suggested Citation

Goforth, Carol R., The Model Registered Agents Act - A Word (or Two) to the Wise (2008). Ark. L. Notes 43 (2008) , University of Arkansas Research Paper No. 14-08, Available at SSRN: https://ssrn.com/abstract=2157007

Carol R. Goforth (Contact Author)

University of Arkansas - School of Law ( email )

260 Waterman Hall
Fayetteville, AR 72701
United States
501-575-5601 (Phone)
501-575-2053 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
46
Abstract Views
416
PlumX Metrics