Bill Text: IL SB2083 | 2011-2012 | 97th General Assembly | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Limited Liability Company Act. Reduces the expedited service fee for a limited liability company's articles of organization from $100 to $0. Effective immediately.

Spectrum: Strong Partisan Bill (Republican 17-1)

Status: (Vetoed) 2011-10-27 - Bill Dead - Amendatory Veto [SB2083 Detail]

Download: Illinois-2011-SB2083-Enrolled.html

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SB2083 Enrolled LRB097 10102 AEK 50282 b
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Limited Liability Company Act is amended by
changing Section 50-50 as follows:
(805 ILCS 180/50-50)
Sec. 50-50. Department of Business Services Special
Operations Fund.
(a) A special fund in the State treasury is created and
shall be known as the Department of Business Services Special
Operations Fund. Moneys deposited into the Fund shall, subject
to appropriation, be used by the Department of Business
Services of the Office of the Secretary of State, hereinafter
"Department", to create and maintain the capability to perform
expedited services in response to special requests made by the
public for same-day or 24-hour service. Moneys deposited into
the Fund shall be used for, but not limited to, expenditures
for personal services, retirement, Social Security,
contractual services, equipment, electronic data processing,
and telecommunications.
(b) The balance in the Fund at the end of any fiscal year
shall not exceed $600,000, and any amount in excess thereof
shall be transferred to the General Revenue Fund.

SB2083 Enrolled - 2 - LRB097 10102 AEK 50282 b
(c) All fees payable to the Secretary of State under this
Section shall be deposited into the Fund. No other fees or
charges collected under this Act shall be deposited into the
Fund.
(d) "Expedited services" means services rendered within
the same day, or within 24 hours from the time, the request
therefor is submitted by the filer, law firm, service company,
or messenger physically in person or, at the Secretary of
State's discretion, by electronic means, to the Department's
Springfield Office and includes requests for certified copies,
photocopies, and certificates of good standing made to the
Department's Springfield Office in person or by telephone, or
requests for certificates of good standing made in person or by
telephone to the Department's Chicago Office.
(e) Fees for expedited services shall be as follows:
Restated articles of organization, $200;
Merger or conversion, $200;
Articles of organization, $100;
Articles of amendment, $100;
Reinstatement, $100;
Application for admission to transact business, $100;
Certificate of good standing or abstract of computer
record, $20;
Except annual reports, all All other filings, copies of
documents, annual reports, and copies of documents of dissolved
or revoked limited liability companies, $50.

SB2083 Enrolled - 3 - LRB097 10102 AEK 50282 b
(Source: P.A. 92-33, eff. 7-1-01; 93-32, eff. 9-1-03.)
Section 99. Effective date. This Act takes effect upon
becoming law.