Be it enacted by the General Assembly of Virginia:

1. §1. That from July 1, 2014, until the State Corporation Commission (Commission) has implemented a system that limits the submission of data and documents as required by §2 of this act, the Commission shall not accept through its eFile electronic registration system (i) articles of dissolution of a business entity or (ii) data or documents that contain officer or director changes.

§2. Beginning not later than July 1, 2018, the Commission shall limit the submission of data and documents on behalf of a business entity through its eFile electronic registration system to any user (i) designated to make such submissions on behalf of the business entity and (ii) whose identity has been established satisfactorily through a verification process.