90th General Assembly
Summary of HB0503
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House Sponsors:

Short description: 
SOS-RECORDS DATABASE                                                       

Synopsis of Bill as introduced:
        Amends the  Business  Corporation  Act  of  1983.   Requires  the      
   Secretary  of  State  to  develop, implement, and maintain a Statewide      
   computerized database of information regarding  foreign  and  domestic      
   corporations,  not-for-profit  organizations, assumed name businesses,      
   business  trusts,  trademarks,  service  marks,  limited   partnership      
   listings,   registered   agents,  corporate  officers  and  directors,      
   mergers, name changes,  authorized  shares,  Uniform  Commercial  Code      
   filings,  tax  and  other liens, and published notices.  Provides that      
   the public may have access to the database through view-only terminals      
   at offices of the Secretary of State.  Provides that the Secretary  of      
   State's  yearly list of corporations filing an annual report and daily      
   list of all newly formed corporations shall be available for review on      
   the Statewide computerized database.                                        
          FISCAL NOTE (Secretary of State)                                     
          Implementation would be $990,000 to $1.4 million for an 18 to        
          24 month period; maintenance would be $508,000 annually.             
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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