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![handle is hein.nccusl/nccpub01081 and id is 1 raw text is: Draft of June 1, 2008
Changes to the
Model Business Corporation Act
Providin2 Increased Transparency
Note: Text to be deleted is in [brackets and
bold face]. Text to be added is underlined.
1 § 1.22. FILING, SERVICE, AND COPYING FEES
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3 (a) The secretary of state shall collect the following fees when the documents described
4 in this subsection are delivered to the secretary of state for filing:
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6
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8 (23) Annual report not accompanying initial articles $
9
10 (23A) Annual report accompanying initial articles No fee.
>1
,2 (23B) Amended annual report No fee.
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,4
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-6 OFFICIAL COMMENT
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!0 Subdivision (8) contains a maximum fee for filing a change of address of a
!I registered agent. Since corporation service companies serve as registered agents for
!2 thousands of corporations in many jurisdictions, their change of address may require a
!3 very large number of filings. Hence, the fee is broadly based on the number of
!4 corporations affected but a maximum fee is specified to reflect that as the number of
!5 changes increases the cost per change should decrease.
!6
!7 Subdivisions (23A ) and (23B) provide that no fee will be charged with respect to
!8 an annual report that accompanies initial articles of incorporation or an amended annual
!9 report. A fee is required with respect to the initial articles of incorporation and thus it is
;0 unnecessary to provide for a separate fee with respect to the annual report that must
31 accompany the articles. No fee is required with respect to an amended annual report to
;2 encourage the prompt filing of amendments so that the publicly available information in
;3 the annual report will be kept current.
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