Bill Text: IL SB0867 | 2017-2018 | 100th General Assembly | Chaptered
Bill Title: 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.
Spectrum: Slight Partisan Bill (Democrat 44-17)
Status: (Passed) 2017-12-20 - Public Act . . . . . . . . . 100-0571 [SB0867 Detail]
Download: Illinois-2017-SB0867-Chaptered.html
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| Public Act 100-0571 | ||||
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AN ACT concerning business.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Limited Liability Company Act is amended by | ||||
changing Section 50-10 as follows:
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(805 ILCS 180/50-10)
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(Text of Section before amendment by P.A. 99-637)
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Sec. 50-10. Fees.
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(a) The Secretary of State shall charge and collect in
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accordance with the provisions of this Act and rules
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promulgated under its authority all of the following:
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(1) Fees for filing documents.
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(2) Miscellaneous charges.
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(3) Fees for the sale of lists of filings and for | ||||
copies
of any documents.
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(b) The Secretary of State shall charge and collect for
all | ||||
of the following:
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(1) Filing articles of organization (domestic), | ||||
application for
admission (foreign), and restated articles | ||||
of
organization (domestic), $150 $500. Notwithstanding the | ||||
foregoing, the fee for filing articles of organization | ||||
(domestic), application for admission (foreign), and | ||||
restated articles of organization (domestic) in connection | ||||
with a limited liability company with ability to establish | ||
series pursuant to Section 37-40 of this Act is $400 $750.
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(2) Filing articles of amendment or an amended | ||
application for admission, $50 $150.
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(3) Filing articles of dissolution or
application
for | ||
withdrawal, $5 $100.
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(4) Filing an application to reserve a name, $25 $300.
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(5) Filing a notice of cancellation of a reserved name, | ||
$5 $100.
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(6) Filing a notice of a transfer of a reserved
name, | ||
$25 $100.
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(7) Registration of a name, $50 $300.
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(8) Renewal of registration of a name, $50 $100.
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(9) Filing an application for use of an assumed
name | ||
under Section 1-20 of this Act, $150 for each
year or part | ||
thereof ending in 0 or 5, $120 for each year or
part | ||
thereof ending in 1 or 6, $90 for each year or part thereof | ||
ending in 2 or
7, $60 for each year or part thereof ending | ||
in 3 or 8, $30 for each year or
part thereof ending in 4 or | ||
9, and a renewal for each assumed name, $150.
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(9.5) Filing an application for change of an assumed | ||
name, $25. | ||
(10) Filing an application for change or cancellation | ||
of an assumed
name, $5 $100.
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(11) Filing an annual report of a limited liability
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company or foreign limited liability company, $75 $250, if
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filed as required by this Act, plus a penalty if
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delinquent. Notwithstanding the foregoing, the fee for | ||
filing an annual report of a limited liability company or | ||
foreign limited liability company with ability to | ||
establish series is $75 $250 plus $50 for each series for | ||
which a certificate of designation has been filed pursuant | ||
to Section 37-40 of this Act and active on the last day of | ||
the third month preceding the company's anniversary month, | ||
plus a penalty if delinquent.
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(12) Filing an application for reinstatement of a
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limited liability company or foreign limited liability
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company $200
$500.
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(13) Filing Articles of Merger, $100 plus $50 for each | ||
party to the
merger in excess of the first 2 parties.
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(14) Filing an Agreement of Conversion or Statement of | ||
Conversion, $100.
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(15) Filing a statement of change of address of | ||
registered office or change of registered agent, or both, | ||
or filing a statement of correction, $25.
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(16) Filing a petition for refund, $5 $15.
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(17) Filing any other document, $5 $100.
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(18) Filing a certificate of designation of a limited | ||
liability company with the ability to establish series | ||
pursuant to Section 37-40 of this Act, $50.
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(c) The Secretary of State shall charge and collect all
of | ||
the following:
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(1) For furnishing a copy or certified copy of any
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document, instrument, or paper relating to a limited
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liability company or foreign limited liability company,
or | ||
for a certificate, $25.
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(2) For the transfer of information by computer
process | ||
media to any purchaser, fees established by
rule.
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(Source: P.A. 97-839, eff. 7-20-12.)
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(Text of Section after amendment by P.A. 99-637)
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Sec. 50-10. Fees.
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(a) The Secretary of State shall charge and collect in
| ||
accordance with the provisions of this Act and rules
| ||
promulgated under its authority all of the following:
| ||
(1) Fees for filing documents.
| ||
(2) Miscellaneous charges.
| ||
(3) Fees for the sale of lists of filings and for | ||
copies
of any documents.
| ||
(b) The Secretary of State shall charge and collect for
all | ||
of the following:
| ||
(1) Filing articles of organization (domestic), | ||
application for
admission (foreign), and restated articles | ||
of
organization (domestic), $150 $500. Notwithstanding the | ||
foregoing, the fee for filing articles of organization | ||
(domestic), application for admission (foreign), and | ||
restated articles of organization (domestic) in connection | ||
with a limited liability company with a series or the | ||
ability to establish a series pursuant to Section 37-40 of | ||
this Act is $400 $750.
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(2) Filing amendments (domestic or foreign), $50 $150.
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(3) Filing a statement of termination or
application
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for withdrawal, $5 $25.
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(4) Filing an application to reserve a name, $25 $300.
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(5) Filing a notice of cancellation of a reserved name, | ||
$5 $100.
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(6) Filing a notice of a transfer of a reserved
name, | ||
$25 $100.
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(7) Registration of a name, $50 $300.
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(8) Renewal of registration of a name, $50 $100.
| ||
(9) Filing an application for use of an assumed
name | ||
under Section 1-20 of this Act, $150 for each
year or part | ||
thereof ending in 0 or 5, $120 for each year or
part | ||
thereof ending in 1 or 6, $90 for each year or part thereof | ||
ending in 2 or
7, $60 for each year or part thereof ending | ||
in 3 or 8, $30 for each year or
part thereof ending in 4 or | ||
9, and a renewal for each assumed name, $150.
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(9.5) Filing an application for change of an assumed | ||
name, $25. | ||
(10) Filing an application for change or cancellation | ||
of an assumed
name, $5 $100.
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(11) Filing an annual report of a limited liability
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company or foreign limited liability company, $75 $250, if
| ||
filed as required by this Act, plus a penalty if
| ||
delinquent. Notwithstanding the foregoing, the fee for | ||
filing an annual report of a limited liability company or | ||
foreign limited liability company is $75 $250 plus $50 for | ||
each series for which a certificate of designation has been | ||
filed pursuant to Section 37-40 of this Act and is in | ||
effect on the last day of the third month preceding the | ||
company's anniversary month, plus a penalty if delinquent.
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(12) Filing an application for reinstatement of a
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limited liability company or foreign limited liability
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company $200
$500.
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(13) Filing articles of merger, $100 plus $50 for each | ||
party to the
merger in excess of the first 2 parties.
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(14) Filing articles of conversion, $100.
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(15) Filing a statement of change of address of | ||
registered office or change of registered agent, or both, | ||
or filing a statement of correction, $25.
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(16) Filing a petition for refund, $5 $15.
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(17) Filing a certificate of designation of a limited | ||
liability company with a series pursuant to Section 37-40 | ||
of this Act, $50. | ||
(18) Filing articles of domestication, $100. | ||
(19) Filing, amending, or cancelling a statement of | ||
authority, $50. | ||
(20) Filing, amending, or cancelling a statement of | ||
denial, $10. | ||
(21) Filing any other document, $5 $100.
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(c) The Secretary of State shall charge and collect all
of | ||
the following:
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(1) For furnishing a copy or certified copy of any
| ||
document, instrument, or paper relating to a limited
| ||
liability company or foreign limited liability company,
or | ||
for a certificate, $25.
| ||
(2) For the transfer of information by computer
process | ||
media to any purchaser, fees established by
rule.
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(Source: P.A. 99-637, eff. 7-1-17.)
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Section 95. No acceleration or delay. Where this Act makes | ||
changes in a statute that is represented in this Act by text | ||
that is not yet or no longer in effect (for example, a Section | ||
represented by multiple versions), the use of that text does | ||
not accelerate or delay the taking effect of (i) the changes | ||
made by this Act or (ii) provisions derived from any other | ||
Public Act.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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