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MI SB1375
Bill
AI Summary
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Amends the Business Corporation Act to revise filing fees charged by the Department of Licensing and Regulatory Affairs administrator for corporate documents.
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Sets standardized filing fees at $10.00 for most routine corporate filings including articles of incorporation, amendments, dissolution, assumed names, and corrections.
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Establishes higher fees of $50.00 for merger, conversion, and share exchange certificates, and for foreign corporation name registration.
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Simplifies the annual report fee structure under section 911 to a flat $25.00 fee, removing the previous tiered pricing based on filing dates.
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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