97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2083
 
Introduced 2/10/2011, by Sen. Carole Pankau
 
SYNOPSIS AS INTRODUCED:
 

 



805 ILCS 180/50-50

     Amends the Limited Liability Company Act. Reduces the expedited service fee for a limited liability company's articles of organization from $100 to $0. Effective immediately.
  


LRB097 10102 AEK 50282 b

FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
SB2083LRB097 10102 AEK 50282 b


  
1    AN ACT concerning business.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Limited Liability Company Act is amended  by 
5changing Section 50-50 as follows:
 



6    (805 ILCS 180/50-50)



7    Sec. 50-50. Department of Business Services Special 
8Operations Fund. 

9    (a) A special fund in the State treasury is created and 
10shall be known as
the
Department of Business Services Special 
11Operations Fund. Moneys deposited into
the Fund
shall, subject 
12to appropriation, be used by the Department of Business 
13Services
of the Office
of the Secretary of State, hereinafter 
14"Department", to create and maintain the
capability to
perform 
15expedited services in response to special requests made by the 
16public
for same-day
or 24-hour service. Moneys deposited into 
17the Fund shall be used for, but not
limited to,
expenditures 
18for personal services, retirement, Social Security, 
19contractual
services,
equipment, electronic data processing, 
20and telecommunications.

21    (b) The balance in the Fund at the end of any fiscal year 
22shall not exceed
$600,000,
and any amount in excess thereof 
23shall be transferred to the General Revenue
Fund.

 
 
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1    (c) All fees payable to the Secretary of State under this 
2Section shall be
deposited
into the Fund. No other fees or 
3charges collected under this Act
shall be
deposited into the

4Fund.

5    (d) "Expedited services" means services rendered within 
6the same day, or
within 24
hours from the time, the request 
7therefor is submitted by the filer, law firm,
service company,

8or messenger physically in person or, at the Secretary of 
9State's discretion,
by electronic means, to the Department's 
10Springfield Office and
includes
requests for certified copies, 
11photocopies, and certificates of good standing
made to the

12Department's Springfield Office in person or by telephone, or 
13requests for
certificates of
good standing made in person or by 
14telephone to the Department's Chicago
Office.

15    (e) Fees for expedited services shall be as follows:

16    Restated articles of organization, $200;

17    Merger or conversion, $200;

18    Articles of organization, $0 $100;

19    Articles of amendment, $100;

20    Reinstatement, $100;

21    Application for admission to transact business, $100;

22    Certificate of good standing or abstract of computer 
23record, $20;

24    All other filings, copies of documents, annual reports, and 
25copies of
documents of
dissolved or revoked limited liability 
26companies, $50.

 
 
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1(Source: P.A. 92-33, eff. 7-1-01; 93-32, eff. 9-1-03.)

 
 
2    Section 99. Effective date. This Act takes effect upon 
3becoming law.