SB 853 - Business Court Modernization bill takes another step in the House

Late Monday, a House Judiciary Committee approved yet another version of SB 853 - Modernize Business Court. This one includes two new provisions regarding corporations, and logically, a study to identify further needs of NC's Business Court.

The central provisions of this bill dealing with NC's Business Court, appeals, and the designation of complex business cases remains constant even in this 5th version of the bill. What's new (and directly related) is the creation of The Working Group on Judicial Efficiency and Business Court Modernization which will consist of 18 members and will meet between enactment of the bill and the opening of the 2015 Legislative Session in January.

The Working Group on Judicial Efficiency and Business Court Modernization is comprised of:
  • Three Senators
  • Three Representatives
  • One representative of the Administrative Office of the Courts
  • One current or former employee of the UNC School of Government
  • Three Superior Court judges
  • A district attorney
  • A criminal attorney
  • Someone with Information Technology expertise in the Judicial Branch
  • Two civil litigators
  • A public interest attorney
  • An attorney with appellate experience

The new provisions include streamlining corporate reorganization by using holding companies and validating corporate forum selection provisions contained in articles of incorporation.

The bill still needs approval from the House Finance Committee due to the filing fee increase of $100 for a case in the Business Court. We'll let you know when that's happening.

Please view the latest version of the bill here:



Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Womble Carlyle Sandridge & Rice, LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.