Full Text of SB2663 98th General Assembly
SB2663 98TH GENERAL ASSEMBLY |
| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014 SB2663 Introduced 1/21/2014, by Sen. Julie A. Morrison SYNOPSIS AS INTRODUCED: |
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805 ILCS 5/15.95 | from Ch. 32, par. 15.95 |
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Amends the Business Corporation Act of 1983. Provides that a $50 expedited services fee for certain filings, copies of documents, and annual reports may be charged only if the materials are filed within 72 hours prior to the filing deadline.
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| | A BILL FOR |
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| | | SB2663 | | LRB098 15042 OMW 50003 b |
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| 1 | | AN ACT concerning business.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Business Corporation Act of 1983 is amended | 5 | | by changing Section 15.95 as follows:
| 6 | | (805 ILCS 5/15.95) (from Ch. 32, par. 15.95)
| 7 | | Sec. 15.95. Department of Business Services Special | 8 | | Operations Fund.
| 9 | | (a) A
special fund in the State treasury known as the | 10 | | Division of
Corporations Special Operations
Fund is renamed the | 11 | | Department of Business Services Special Operations
Fund. | 12 | | Moneys deposited into the Fund shall, subject to appropriation, | 13 | | be
used by the Department of Business Services of the
Office of | 14 | | the Secretary of State,
hereinafter "Department", to create and | 15 | | maintain the
capability
to perform
expedited services in | 16 | | response to special requests made by the public for
same day or | 17 | | 24 hour service. Moneys deposited into the Fund shall be used
| 18 | | for, but not limited to, expenditures for personal services, | 19 | | retirement,
social security, contractual services, equipment, | 20 | | electronic data
processing, and telecommunications.
| 21 | | (b) The balance in the Fund at the end of any fiscal year | 22 | | shall not
exceed $600,000 and any amount in excess thereof | 23 | | shall be
transferred to
the General Revenue Fund.
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| 1 | | (c) All fees payable to the Secretary of State under this | 2 | | Section
shall be deposited into the Fund. No other fees or | 3 | | taxes collected under
this Act shall be deposited into the | 4 | | Fund.
| 5 | | (d) "Expedited services" means services rendered within | 6 | | the same day,
or within 24 hours from the time, the request | 7 | | therefor is submitted by the
filer, law firm, service company, | 8 | | or messenger physically in person or, at
the Secretary of | 9 | | State's discretion, by electronic means, to the
Department's | 10 | | Springfield Office and includes requests for
certified copies,
| 11 | | photocopies, and certificates of good standing or fact made to | 12 | | the
Department's Springfield Office in person or by telephone,
| 13 | | or requests for
certificates of good standing or fact made in | 14 | | person or by telephone to the
Department's Chicago Office.
| 15 | | (e) Fees for expedited services shall be as follows:
| 16 | | Restatement of articles, $200;
| 17 | | Merger, consolidation or exchange, $200;
| 18 | | Articles of incorporation, $100;
| 19 | | Articles of amendment, $100;
| 20 | | Revocation of dissolution, $100;
| 21 | | Reinstatement, $100;
| 22 | | Application for authority, $100;
| 23 | | Cumulative report of changes in issued shares or
paid-in | 24 | | capital, $100;
| 25 | | Report following merger or consolidation, $100;
| 26 | | Certificate of good standing or fact, $20;
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| 1 | | All other filings, copies of documents, annual reports
| 2 | | filed on or after January 1, 1984, and copies of documents of | 3 | | dissolved or
revoked
corporations having a
file number over | 4 | | 5199, $50. This fee may be charged only if the materials are | 5 | | filed within 72 hours prior to the filing deadline.
| 6 | | (f) Expedited services shall not be available for a | 7 | | statement of
correction, a petition for refund or adjustment, | 8 | | or a request involving
annual reports filed before January 1, | 9 | | 1984 or involving dissolved corporations
with a
file number | 10 | | below 5200.
| 11 | | (Source: P.A. 95-331, eff. 8-21-07.)
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