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MI SB1375

Bill

Status

Introduced

11/27/2012

Primary Sponsor

Mark Jansen

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Origin

Senate

96th Legislature

AI Summary

  • Amends the Business Corporation Act to revise filing fees charged by the Department of Licensing and Regulatory Affairs administrator for corporate documents.

  • Sets standardized filing fees at $10.00 for most routine corporate filings including articles of incorporation, amendments, dissolution, assumed names, and corrections.

  • Establishes higher fees of $50.00 for merger, conversion, and share exchange certificates, and for foreign corporation name registration.

  • Simplifies the annual report fee structure under section 911 to a flat $25.00 fee, removing the previous tiered pricing based on filing dates.

  • Allows the administrator to retain revenue from facsimile/electronic transmission fees (up to $50.00) and copying/certification services to defray departmental costs.

Legislative Description

State agencies (existing); licensing and regulatory affairs; annual report fee; revise. Amends sec. 1060 of 1972 PA 284 (MCL 450.2060).

State agencies (existing), licensing and regulatory affairs

Last Action

Referred To Committee On Appropriations

11/27/2012

Committee Referrals

Appropriations11/27/2012

Full Bill Text

No bill text available