AB150: Bill Text Engrossed

AB150-engrossed,1611,16 180.1520 (2) (intro.) A foreign corporation authorized to transact business in this state may apply for a certificate of withdrawal by delivering an application to the secretary of state department for filing. The application shall include all of the following:

AB150-engrossed, s. 4640b Section 4640b. 180.1520 (2) (e) of the statutes is amended to read:

AB150-engrossed,1611,19 180.1520 (2) (e) A commitment to notify the secretary of state department in the future of any change in the mailing address of its principal office.

AB150-engrossed, s. 4641b Section 4641b. 180.1530 (1) (intro.) of the statutes is amended to read:

AB150-engrossed,1611,24 180.1530 (1) (intro.) Except as provided in sub. (1m), the secretary of state department may bring a proceeding under s. 180.1531 to revoke the certificate of authority of a foreign corporation authorized to transact business in this state if any of the following applies:

AB150-engrossed, s. 4642b Section 4642b. 180.1530 (1) (a) of the statutes is amended to read:

AB150-engrossed,1612,2 180.1530 (1) (a) The foreign corporation fails to file its annual report with the secretary of state department within 4 months after it is due.

AB150-engrossed, s. 4643b Section 4643b. 180.1530 (1) (b) of the statutes is amended to read:

AB150-engrossed,1612,6 180.1530 (1) (b) The foreign corporation does not pay, within 4 months after they are due, any fees or penalties due the secretary of state department under this chapter.

AB150-engrossed, s. 4644b Section 4644b. 180.1530 (1) (d) of the statutes is amended to read:

AB150-engrossed,1612,12 180.1530 (1) (d) The foreign corporation does not inform the secretary of state department under s. 180.1508 or 180.1509 that its registered agent or registered office has changed, that its registered agent has resigned or that its registered office has been discontinued, within 6 months of the change, resignation or discontinuance.

AB150-engrossed, s. 4645b Section 4645b. 180.1530 (1) (f) of the statutes is amended to read:

AB150-engrossed,1612,18 180.1530 (1) (f) The secretary of state department receives a duly authenticated certificate from the secretary of state or other official having custody of corporate records in the state or country under whose law the foreign corporation is incorporated stating that it has been dissolved or disappeared as the result of a merger.

AB150-engrossed, s. 4646n Section 4646n. 180.1530 (1m) of the statutes is amended to read:

AB150-engrossed,1612,24 180.1530 (1m) If the secretary of state department receives a certificate under sub. (1) (f) and a statement by the foreign corporation that the certificate is submitted by the foreign corporation to terminate its authority to transact business in this state, the secretary of state department shall issue a certificate of revocation under s. 180.1531 (2) (b).

AB150-engrossed, s. 4647b Section 4647b. 180.1530 (2) of the statutes is amended to read:

AB150-engrossed,1613,4 180.1530 (2) A court may revoke under s. 946.87 the certificate of authority of a foreign corporation authorized to transact business in this state. The court shall notify the secretary of state department of the action, and the secretary of state department shall issue a certificate of revocation under s. 180.1531 (2) (b).

AB150-engrossed, s. 4648b Section 4648b. 180.1531 (1) of the statutes is amended to read:

AB150-engrossed,1613,9 180.1531 (1) If the secretary of state department determines that one or more grounds exist under s. 180.1530 (1) for revocation of a certificate of authority, the secretary of state department shall serve the foreign corporation under s. 180.1510 with written notice of his or her the determination.

AB150-engrossed, s. 4649b Section 4649b. 180.1531 (2) (a) of the statutes is amended to read:

AB150-engrossed,1613,14 180.1531 (2) (a) Within 60 days after service of the notice is perfected under s. 180.1510, the foreign corporation shall correct each ground for revocation or demonstrate to the reasonable satisfaction of the secretary of state department that each ground determined by the secretary of state department does not exist.

AB150-engrossed, s. 4650b Section 4650b. 180.1531 (2) (b) of the statutes is amended to read:

AB150-engrossed,1613,20 180.1531 (2) (b) If the foreign corporation fails to satisfy par. (a), the secretary of state department may revoke the foreign corporation's certificate of authority by signing issuing a certificate of revocation that recites each ground for revocation and its effective date. The secretary of state department shall file the original of the certificate and serve a copy on the foreign corporation under s. 180.1510.

AB150-engrossed, s. 4651b Section 4651b. 180.1531 (2) (c) 1. (intro.) of the statutes is amended to read:

AB150-engrossed,1614,2 180.1531 (2) (c) 1. (intro.) If a foreign corporation's certificate of authority is revoked after December 31, 1991, the secretary of state department shall reinstate the certificate of authority if the foreign corporation does all of the following within the later of October 4, 1993 or 6 months after the effective date of the certificate of revocation:

AB150-engrossed, s. 4652b Section 4652b. 180.1531 (2) (c) 1. b. of the statutes is amended to read:

AB150-engrossed,1614,5 180.1531 (2) (c) 1. b. Pays any fees or penalties due the secretary of state department under s. 180.1502 (5) (a) or $5,000, whichever is less.

AB150-engrossed, s. 4653b Section 4653b. 180.1531 (4) of the statutes is amended to read:

AB150-engrossed,1614,12 180.1531 (4) If the secretary of state department or a court revokes a foreign corporation's certificate of authority, the foreign corporation may be served under s. 180.1510 (3) and (4) or the foreign corporation's registered agent may be served until the registered agent's authority is terminated, in any civil, criminal, administrative or investigatory proceeding based on a cause of action which arose while the foreign corporation was authorized to transact business in this state.

AB150-engrossed, s. 4654b Section 4654b. 180.1532 (1) of the statutes is amended to read:

AB150-engrossed,1614,21 180.1532 (1) A foreign corporation may appeal the secretary of state's department's revocation of its certificate of authority under s. 180.1530 (1) to the circuit court for the county where the foreign corporation's principal office or, if none in this state, its registered office is located, within 30 days after service of the certificate of revocation is perfected under s. 180.1510. The foreign corporation shall appeal by petitioning the court to set aside the revocation and attaching to the petition copies of its certificate of authority and the secretary of state's department's certificate of revocation.

AB150-engrossed, s. 4655b Section 4655b. 180.1532 (2) of the statutes is amended to read:

AB150-engrossed,1614,25 180.1532 (2) The court may order the secretary of state department to reinstate the certificate of authority or may take any other action that the court considers appropriate.

AB150-engrossed, s. 4656b Section 4656b. 180.1622 (title) of the statutes is amended to read:

AB150-engrossed,1615,3 180.1622 (title) Annual report for secretary of state department of financial institutions.

AB150-engrossed, s. 4657b Section 4657b. 180.1622 (1) (intro.) of the statutes is amended to read:

AB150-engrossed,1615,8 180.1622 (1) (intro.) Except as provided in s. 180.1921, each domestic corporation and each foreign corporation authorized to transact business in this state shall file with the secretary of state department an annual report that includes all of the following information:

AB150-engrossed, s. 4658b Section 4658b. 180.1622 (1) (i) of the statutes is amended to read:

AB150-engrossed,1615,21 180.1622 (1) (i) With respect to a foreign corporation, the proportion of the capital represented in this state by its property located and business transacted in this state during the preceding year. The proportion of capital employed in the state shall be computed by taking the gross business of the foreign corporation in the state and adding the same to the value of its property located in the state. The sum so obtained shall be the numerator of a fraction of which the denominator shall consist of its total gross business of said year added to the value of its entire property. The fraction so obtained shall represent the proportion of the capital within the state. The secretary of state department may demand, as a condition precedent to the filing of the annual report, such further information and statements as he or she may deem the department considers proper in order to determine the accuracy of the report submitted.

AB150-engrossed, s. 4659b Section 4659b. 180.1622 (2) (a) of the statutes is amended to read:

AB150-engrossed,1616,2 180.1622 (2) (a) Information in the annual report shall be current as of the date on which the annual report is executed on behalf of a domestic corporation, except that the information required by sub. (1) (f) and (g) shall be current as of the close of the domestic corporation's fiscal year immediately before the date by which the annual report is required to be delivered to the secretary of state department.

AB150-engrossed, s. 4660b Section 4660b. 180.1622 (2) (b) of the statutes is amended to read:

AB150-engrossed,1616,9 180.1622 (2) (b) Information in the annual report shall be current as of the date on which the annual report is executed on behalf of a foreign corporation, except that the information required by sub. (1) (f) to (i) shall be current as of the date of the close of the foreign corporation's fiscal year in the 12 months ending on the September 30 immediately before the date by which the annual report is required to be delivered to the secretary of state department.

AB150-engrossed, s. 4661b Section 4661b. 180.1622 (3) (a) of the statutes is amended to read:

AB150-engrossed,1616,14 180.1622 (3) (a) A domestic corporation shall deliver its annual report to the secretary of state department in each year following the calendar year in which the domestic corporation was incorporated, during the calendar year quarter in which the anniversary date of the incorporation occurs.

AB150-engrossed, s. 4662b Section 4662b. 180.1622 (3) (b) of the statutes is amended to read:

AB150-engrossed,1616,19 180.1622 (3) (b) A foreign corporation authorized to transact business in this state shall deliver its annual report to the secretary of state department during the first calendar quarter of each year following the calendar year in which the foreign corporation becomes authorized to transact business in this state.

AB150-engrossed, s. 4663b Section 4663b. 180.1622 (4) of the statutes is amended to read:

AB150-engrossed,1617,2 180.1622 (4) If an annual report does not contain the information required by this section, the secretary of state department shall promptly notify the reporting domestic corporation or foreign corporation in writing and return the report to it for correction. The notice shall comply with s. 180.0141. If the annual report is corrected to contain the information required by this section and delivered to the secretary of state department within 30 days after the effective date of the notice under s. 180.0141 (5), the annual report is timely filed.

AB150-engrossed, s. 4664b Section 4664b. 180.1622 (5) of the statutes is amended to read:

AB150-engrossed,1617,5 180.1622 (5) An annual report is effective on the date that it is filed by the office of the secretary of state department.

AB150-engrossed, s. 4665b Section 4665b. 180.1708 (1) of the statutes is amended to read:

AB150-engrossed,1617,9 180.1708 (1) Filing duty; appeal. Sections 180.0125 and 180.0126 apply to a document delivered to the office of the secretary of state department for filing on or after January 1, 1991.

AB150-engrossed, s. 4666b Section 4666b. 180.1708 (8) (b) of the statutes is amended to read:

AB150-engrossed,1617,14 180.1708 (8) (b) Sections 180.1530 (2) and 180.1531 (2) (b) and (3) to (5) apply to a judicial revocation under s. 946.87 of which the secretary of state department is notified under s. 180.1530 (2) on or after January 1, 1991. Section 180.1531 (2) (c) applies to a revocation based on grounds arising before, on or after January 1, 1991.

AB150-engrossed, s. 4667b Section 4667b. 180.1909 of the statutes is amended to read:

AB150-engrossed,1617,18 180.1909 Filing articles of incorporation. Before commencing operations, a service corporation shall deliver its articles of incorporation to the office of the secretary of state department for filing.

AB150-engrossed, s. 4668b Section 4668b. 180.1921 (1) of the statutes is amended to read:

AB150-engrossed,1617,24 180.1921 (1) A service corporation shall deliver to the office of the secretary of state department for filing a report in each year following the year in which the service corporation's articles of incorporation were filed by the secretary of state department, during the calendar year quarter in which the anniversary of the filing occurs.

AB150-engrossed, s. 4669b Section 4669b. 180.1921 (2) of the statutes is amended to read:

AB150-engrossed,1618,12 180.1921 (2) The report shall show the address of this service corporation's principal office and the name and post-office address of each shareholder, director and officer of the service corporation and shall certify that, with the exceptions permitted in s. 180.1913, each shareholder, director and officer is licensed, certified, registered or otherwise legally authorized to render the same professional or other personal service in this state or is a health care professional. The service corporation shall prepare the report on forms prescribed and furnished by the secretary of state department, and the report shall contain no fiscal or other information except that expressly called for by this section. The secretary of state department shall forward report blanks by 1st class mail to every service corporation in good standing, at least 60 days before the date on which the service corporation is required by this section to file an annual report.

AB150-engrossed, s. 4670b Section 4670b. 180.1921 (4) of the statutes is amended to read:

AB150-engrossed,1618,15 180.1921 (4) An annual report is effective on the date that it is filed by the office of the secretary of state department.

AB150-engrossed, s. 4671b Section 4671b. 181.02 (4m) of the statutes is created to read:

AB150-engrossed,1618,17 181.02 (4m) "Department" means the department of financial institutions.

AB150-engrossed, s. 4672b Section 4672b. 181.06 (3) (intro.) of the statutes is amended to read:

AB150-engrossed,1619,2 181.06 (3) (intro.) Shall not be the same as or deceptively similar to the name of any corporation, limited liability company or limited partnership existing under any law of this state, or any foreign corporation, foreign limited liability company or foreign limited partnership authorized to transact business or conduct affairs in this state, or a name the exclusive right to which is at the time reserved in the manner provided in this chapter or reserved or registered in the manner provided in ch. 180, except that this subsection shall not apply if the applicant files with the secretary of state department either of the following:

AB150-engrossed, s. 4673b Section 4673b. 181.07 (2) of the statutes is amended to read:

AB150-engrossed,1619,12 181.07 (2) The reservation shall be made by filing with the secretary of state department an application to reserve a specified corporate name, executed by the applicant or making a telephone application to reserve a specified corporate name. If the secretary of state department finds that the name is available for corporate use, the secretary of state department shall reserve the same for the exclusive use of the applicant for a period of 60 days. The secretary of state department shall cancel the telephone application to reserve a specified corporate name if the secretary of state department does not receive the proper fee within 15 business days after the application.

AB150-engrossed, s. 4674b Section 4674b. 181.07 (3) of the statutes is amended to read:

AB150-engrossed,1619,21 181.07 (3) Any corporation, domestic or foreign entitled to the use of its corporate name under the laws of this state, may upon merger, consolidation, change of name or dissolution reserve the exclusive right to that corporate name for a period of not to exceed 10 years by filing with the secretary of state department an application to reserve the right to that name, executed by the corporation. This application shall be filed with the secretary of state department simultaneously with the filing of articles of merger, consolidation or dissolution or with the filing of articles of amendment or restated articles which change the corporate name.

AB150-engrossed, s. 4675b Section 4675b. 181.07 (5) of the statutes is amended to read:

AB150-engrossed,1620,2 181.07 (5) The right to the exclusive use of a specified corporate name so reserved may be transferred to any other person or corporation by filing in the office of the secretary of state with the department a notice of such transfer, executed by the applicant for whom the name was reserved, and specifying the name and address of the transferee.

AB150-engrossed, s. 4676b Section 4676b. 181.08 of the statutes is amended to read:

AB150-engrossed,1620,9 181.08 Registered agent. Each corporation shall have and continuously maintain in this state a registered agent, which agent may be an individual resident in this state, a domestic corporation organized under this chapter or ch. 180, a domestic limited liability company or a foreign corporation or foreign limited liability company authorized to transact business in this state. The name and address of the registered agent shall be filed with the secretary of state department.

AB150-engrossed, s. 4677b Section 4677b. 181.09 (1) (intro.) of the statutes is amended to read:

AB150-engrossed,1620,13 181.09 (1) (intro.) A corporation may change its registered agent or the registered agent's address by executing and filing with the secretary of state department a statement setting forth:

AB150-engrossed, s. 4678b Section 4678b. 181.095 (1) (intro.) of the statutes is amended to read:

AB150-engrossed,1620,16 181.095 (1) (intro.) A registered agent may resign by executing and filing with the secretary of state department a statement in duplicate setting forth:

AB150-engrossed, s. 4679b Section 4679b. 181.095 (3) of the statutes is amended to read:

AB150-engrossed,1620,20 181.095 (3) The secretary of state department shall note on one of the duplicates the date of filing and mail the same to the corporation at its principal office as shown by the statement filed.

AB150-engrossed, s. 4680b Section 4680b. 181.10 (3) of the statutes is amended to read:

AB150-engrossed,1621,2 181.10 (3) If the address of the corporation's principal office cannot be determined from the records of the secretary of state held by the department, the corporation may be served by publishing a class 3 notice, under ch. 985, in the community where the corporation's principal office or registered office, as most recently designated in the records of the secretary of state department, is located.

AB150-engrossed, s. 4681b Section 4681b. 181.265 of the statutes is amended to read:

AB150-engrossed,1621,8 181.265 Report of names and addresses of officers or directors. Whenever initial officers are selected, or changes are made in the principal officers or directors of a corporation, the corporation may file with the secretary of state department a report setting forth the names and addresses of all the principal officers or directors, or both if there have been changes in both.

AB150-engrossed, s. 4682b Section 4682b. 181.32 (1) of the statutes is amended to read:

AB150-engrossed,1621,16 181.32 (1) The articles of incorporation shall be filed and recorded as provided in s. 181.67. Duplicate originals of the articles of incorporation shall be submitted to the secretary of state, who department. The department shall file one original in his or her office and forward the other within 5 days to the register of deeds of the county in which the corporation's principal office is located for recording. On filing an original, the secretary of state department shall issue a certificate of incorporation.

AB150-engrossed, s. 4683b Section 4683b. 181.32 (2) of the statutes is amended to read:

AB150-engrossed,1621,20 181.32 (2) Upon issuing a certificate of incorporation, the secretary of state department shall inform the corporation of the reporting requirements under s. 440.42 for charitable organizations that solicit contributions.