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Full Text of SB0680  99th General Assembly

SB0680 99TH GENERAL ASSEMBLY

  
  

 


 
99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB0680

 

Introduced 2/3/2015, by Sen. Heather A. Steans

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 180/50-10

    Amends the Limited Liability Company Act. Reduces the fee collected by the Secretary of State for the filing of articles of organization, applications for admission, and restated articles of organization from $500 to $39 and reduces those fees in connection with a limited liability company with ability to establish series from $750 to $59. Effective immediately.


LRB099 06664 JLS 26737 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB0680LRB099 06664 JLS 26737 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 50-10 as follows:
 
6    (805 ILCS 180/50-10)
7    Sec. 50-10. Fees.
8    (a) The Secretary of State shall charge and collect in
9accordance with the provisions of this Act and rules
10promulgated under its authority all of the following:
11        (1) Fees for filing documents.
12        (2) Miscellaneous charges.
13        (3) Fees for the sale of lists of filings and for
14    copies of any documents.
15    (b) The Secretary of State shall charge and collect for all
16of the following:
17        (1) Filing articles of organization (domestic),
18    application for admission (foreign), and restated articles
19    of organization (domestic), $39 $500. Notwithstanding the
20    foregoing, the fee for filing articles of organization
21    (domestic), application for admission (foreign), and
22    restated articles of organization (domestic) in connection
23    with a limited liability company with ability to establish

 

 

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1    series pursuant to Section 37-40 of this Act is $59 $750.
2        (2) Filing articles of amendment or an amended
3    application for admission, $150.
4        (3) Filing articles of dissolution or application for
5    withdrawal, $100.
6        (4) Filing an application to reserve a name, $300.
7        (5) Filing a notice of cancellation of a reserved name,
8    $100.
9        (6) Filing a notice of a transfer of a reserved name,
10    $100.
11        (7) Registration of a name, $300.
12        (8) Renewal of registration of a name, $100.
13        (9) Filing an application for use of an assumed name
14    under Section 1-20 of this Act, $150 for each year or part
15    thereof ending in 0 or 5, $120 for each year or part
16    thereof ending in 1 or 6, $90 for each year or part thereof
17    ending in 2 or 7, $60 for each year or part thereof ending
18    in 3 or 8, $30 for each year or part thereof ending in 4 or
19    9, and a renewal for each assumed name, $150.
20        (10) Filing an application for change or cancellation
21    of an assumed name, $100.
22        (11) Filing an annual report of a limited liability
23    company or foreign limited liability company, $250, if
24    filed as required by this Act, plus a penalty if
25    delinquent. Notwithstanding the foregoing, the fee for
26    filing an annual report of a limited liability company or

 

 

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1    foreign limited liability company with ability to
2    establish series is $250 plus $50 for each series for which
3    a certificate of designation has been filed pursuant to
4    Section 37-40 of this Act and active on the last day of the
5    third month preceding the company's anniversary month,
6    plus a penalty if delinquent.
7        (12) Filing an application for reinstatement of a
8    limited liability company or foreign limited liability
9    company $500.
10        (13) Filing Articles of Merger, $100 plus $50 for each
11    party to the merger in excess of the first 2 parties.
12        (14) Filing an Agreement of Conversion or Statement of
13    Conversion, $100.
14        (15) Filing a statement of change of address of
15    registered office or change of registered agent, or both,
16    or filing a statement of correction, $25.
17        (16) Filing a petition for refund, $15.
18        (17) Filing any other document, $100.
19        (18) Filing a certificate of designation of a limited
20    liability company with the ability to establish series
21    pursuant to Section 37-40 of this Act, $50.
22    (c) The Secretary of State shall charge and collect all of
23the following:
24        (1) For furnishing a copy or certified copy of any
25    document, instrument, or paper relating to a limited
26    liability company or foreign limited liability company, or

 

 

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1    for a certificate, $25.
2        (2) For the transfer of information by computer process
3    media to any purchaser, fees established by rule.
4(Source: P.A. 97-839, eff. 7-20-12.)
 
5    Section 99. Effective date. This Act takes effect upon
6becoming law.