Michigan Laws 450.2060 – Filing fees
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Terms Used In Michigan Laws 450.2060
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- United States: shall be construed to include the district and territories. See Michigan Laws 8.3o
(1) When delivering a document described in this subsection to the administrator for filing, a person shall pay the administrator whichever of the following fees apply to that document:
(a) Articles of a domestic corporation, $10.00.
(b) Application of a foreign corporation for a certificate of authority to transact business in this state, $10.00.
(c) Amendment to the articles of a domestic corporation, $10.00.
(d) Amended application for a certificate of authority to transact business in this state, $10.00.
(e) Certificate of merger, conversion, or share exchange under chapter 7, $50.00.
(f) Certificate attesting to the occurrence of a merger or conversion of a foreign corporation under section 1021, $10.00.
(g) Certificate of dissolution, $10.00.
(h) Application for withdrawal and issuance of a certificate of withdrawal of a foreign corporation, $10.00.
(i) Application for reservation of corporate name, $10.00.
(j) Certificate of assumed name or a certificate of termination of assumed name, $10.00.
(k) Statement of change of registered office or resident agent, $5.00.
(l) Restated articles of domestic corporations, $10.00.
(m) Certificate of abandonment, $10.00.
(n) Certificate of correction, $10.00.
(o) Certificate of revocation of dissolution proceedings, $10.00.
(p) Certificate of renewal of corporate existence, $10.00.
(q) For examining a special report required by law, $2.00.
(r) Certificate of registration of corporate name of a foreign corporation, $50.00.
(s) Certificate of renewal of registration of corporate name of a foreign corporation, $50.00.
(t) Certificate of termination of registration of corporate name of a foreign corporation, $10.00.
(u) Report required under section 911, $15.00 if paid after September 30, 2027. Before October 1, 2027, the fee is $25.00.
(2) The fees described in subsection (1) are in addition to any franchise fees prescribed in this act. The administrator shall not refund all or any part of a fee described in this section.
(3) Except as provided in subsection (9), the administrator shall deposit all fees received and collected under this section in the state treasury to the credit of the administrator, who may only use the money credited in accordance with legislative appropriation and only in carrying out those duties of the department required by law.
(4) The fees described in this section apply to documents filed by a domestic or foreign regulated investment company as that term is defined in section 1064.
(5) If any money received by the administrator from fees paid under subsection (1)(u) is not appropriated to the department in that fiscal year, the money remaining from those fees reverts to the general fund of this state.
(6) A minimum charge of $1.00 for each certificate and 50 cents per folio must be paid to the administrator for certifying a part of a file or record pertaining to a corporation if a fee for that service is not described in subsection (1). The administrator may furnish copies of documents, reports, and papers required or permitted by law to be filed with the administrator, and shall charge for those copies the fee established in a schedule of fees adopted by the administrator with the approval of the state administrative board. The administrator shall retain the revenue collected under this subsection, and the department shall use it to defray the costs for its copying and certifying services.
(7) If a domestic or foreign corporation pays fees or penalties by check and the check is dishonored, or by credit card and a chargeback is successful, the fee is unpaid and the administrator shall rescind the filing of all related documents.
(8) The administrator may accept a credit card in lieu of cash or check as payment of a fee under this act. The administrator shall determine which credit cards the administrator accepts for payment.
(9) The administrator may charge a nonrefundable fee of not more than $50.00 for any document submitted or certificate sent by facsimile or electronic transmission. The administrator shall retain the revenue collected under this subsection and the department shall use it to carry out its duties required by law.
(10) The administrator shall waive any fee otherwise required under this section if a majority of the shares of the domestic or foreign corporation responsible for paying the fee are, and the corporation provides proof satisfactory to the administrator that those shares are, held by 1 or more honorably discharged veterans of the Armed Forces of the United States.