SB 249 Modifies requirements for corporate filings
Sponsor: Schaefer
LR Number: 1211L.01I Fiscal Note: 1211-01
Committee: General Laws
Last Action: 3/10/2009 - SCS Voted Do Pass S General Laws Committee (1211S.03C) Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2009

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Current Bill Summary

SCS/SB 249 - The Secretary of State has the authority to establish a special handling and expedited services program. These services allow customers to purchase services that guarantee rapid processing on filings or other special handling.

A limited liability corporation may electronically file its original articles of incorporation for a fee of $45 rather than the $100 currently required for paper filings.

The act defines responsible persons for the purposes of tax liability for limited liability companies. The act eliminates certain duplicate filing requirements for articles of acceptance, articles of merger, and resignation of agents for nonprofit corporations.

If the general partners of a limited partnership withdraw and the remaining partners decide to continue the partnership, the act allows a new general partner to sign the certificate of amendment and attest to the specific event of withdrawal.

Currently, the Secretary of State may revoke the certificate of authority of a foreign corporation if the corporation fails to deliver its annual report within 30 after it is due. This act changes that time to 90 days after the corporate registration report is due.

This act allows a corporation to change the filing month for its corporate registration report in return for an additional $20 filing fee. Corporations may also opt to file the corporate registration report biennially rather than annually. The filing fee for choosing this option will be twice the fee currently required for filing annually. The Secretary of State may collect an additional $10 fee, for deposit in the Secretary of State technology fund, for each biennial report . If the corporate registration report is not filed within 90 days, the Secretary of State may proceed with corporate dissolution.

This act is similar to SB 875 (2006), SB 368 (2007), HB 1923 (2008), SB 1062 (2008), SB 214 (2007), SB 940 (2008), SB 199 (2009), HB 187 (2009), HB 219 (2009), HB 235 (2009), HB 292 (2009), HB 481 (2009), and HB 262 (2009).