LEXIS-NEXIS GROUP ACQUIRES INCORPORATION COMPANY.Lexis-Nexis Group (Dayton, OH), a division of Reed Elsevier, has acquired CorpAmerica, Inc. (Dover, DE), a full-service incorporation firm. The acquired firm will become a part of Lexis Lexis® An online legal information service that provides the full text of opinions and statutes in electronic format. Subscribers use their personal computers to search the Lexis database for relevant cases. They may download or print the legal information they retrieve. Document Services (LDS LDs See: Liquidated damages ), a provider of UCC-related lien lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party. searching and filing services. No terms of the deal were given. CorpAmerica provides services associated with incorporation and foreign qualification, document retreivel and public record searches, as well as registered agent services in all 50 states. It was established in 1989. LDS president Bob Class said "there are a lot of changes taking place in the public records arena. Electronic filing and searching, and changes in UCC An abbreviation for the Uniform Commercial Code. Article 9 will provide us with a significant number of new opportunities." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CorpAmerica, annual UCC filings will increase from 30,000 to 300,000 after the Article 9 changes take place in July 2001. The acquisition is the fifth made by Lexis-Nexis since the beginning of the year. In that time, the company has acquired the Business Information Product division of the Financial Times Group, RiskWise International, Press Access and legal publisher Mealey Publications. |
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