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COD effective date #2302

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thorwolpert opened this issue Jan 8, 2020 · 1 comment
Closed

COD effective date #2302

thorwolpert opened this issue Jan 8, 2020 · 1 comment
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@thorwolpert
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Impact
In all of the COD design docs (eg https://sites.google.com/freshworks.io/bcros/co-op/change-of-directors)
it states:

  • The effective date of change cannot be a date that is farther in the past as a previous COD filing (Standalone or AR).

Currently both the APP and API support this rule.
I don't believe this is correct, as an AR implies the directors are current and correct unless a COD is filed. The output of the AR also states the Directors at the time of the AR filing. Allowing a COD before an AR is actually a Correction and alters the AR.

Please advise what if this is correct behaviour, or if the requirements are incorrect and the App and API should be altered.

  • OR -
    The if the Filer should be updated to handle this as a correction.
@thorwolpert thorwolpert added the ENTITY Business Team label Jan 8, 2020
@forgeuxGH5
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We updated the requirements - it now includes the following:

For Cooperatives:
The effective date of change cannot be a date that is farther in the past than a previous COD filing.
The effective date of change cannot be a date that is farther in the past than a previous Annual Report filing (whether or not the directors were changed in that annual report).

For Benefit Companies
The effective date of change cannot be a date that is farther in the past than the previous COD filing.
The effective date cannot be a date prior to their Incorporation Date
Note: The effective date of change can be a date that is farther in the past than the previous Annual Report

@forgeuxGH5 forgeuxGH5 assigned thorwolpert and unassigned forgeuxGH5 Jan 8, 2020
This was referenced Nov 29, 2023
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