SB176, s. 433
5Section
433. 188.15 (1) of the statutes is amended to read:
SB176,120,156
188.15
(1) Any detachment or state department of the Marine Corps League,
7organized and existing in this state pursuant to the acts of congress passed August
84, 1937, and the acts amendatory thereto, and any unit of the auxiliary of the Marine
9Corps League organized in this state and recognized by the local detachment, shall
10have full corporate power to transact business in this state, to take over the assets
11and liabilities of the existing detachments, units or departments, upon filing with the
12department of financial institutions secretary of state a statement of its intent so to
13do and a full and complete list of its duly elected officers, and shall by so doing become
14a body corporate. No filing fee shall be charged by the
department of financial
15institutions secretary of state for so doing.
SB176, s. 434
16Section
434. 188.16 (1) of the statutes is amended to read:
SB176,121,317
188.16
(1) Any chapter, county or district council or department composed
18exclusively of persons who were awarded the medal known as the Purple Heart
19organized in this state pursuant to the constitution and bylaws of the national
20organization of the Military Order of the Purple Heart and any unit, county or
21district council or department of the auxiliary of the Military Order of the Purple
22Heart organized in this state shall have full corporate power to transact business in
23this state and to take over the assets and liabilities of the existing chapters, units,
24county or district councils, or departments upon filing with the
department of
25financial institutions secretary of state a statement of its intent so to do and a full
1and complete list of its duly elected officers and thereupon it shall become a body
2corporate. No filing fee shall be charged by the
department of financial institutions 3secretary of state for so doing.
SB176, s. 435
4Section
435. 188.16 (4) of the statutes is amended to read:
SB176,121,195
188.16
(4) Any chapter, county, district council, department or other unit of the
6Military Order of the Purple Heart or of the auxiliary of the Military Order of the
7Purple Heart which has become a body corporate under the provisions of this section
8may change its name or dissolve by the adoption of a written resolution to that effect,
9by a vote of a majority of its members present at a meeting called for that purpose
10and by filing the same as herein provided. Such resolution, with a certificate thereto
11affixed, signed by the commander and adjutant, or like or similar officers, stating the
12facts, including the date of the adoption of such resolution, the number of members
13present at such meeting, and the number of members who voted for the adoption of
14the resolution, shall be forwarded to and filed with the
department of financial
15institutions secretary of state, and thereupon the name of such corporation shall be
16changed or the corporation shall cease to exist, as the case may be, except that in case
17of dissolution it shall continue to exist for the purpose of winding up its affairs. No
18fee shall be charged by the
department of financial institutions secretary of state for
19such filing.
SB176, s. 436
20Section
436. 188.17 (1) of the statutes is amended to read:
SB176,122,321
188.17
(1) Any unit, department or auxiliary of the Navy Club of the United
22States of America organized in this state under
36 USC 140 to
140c shall have full
23corporate power to transact business in this state and to take over the assets and
24liabilities of existing navy clubs and navy club auxiliaries upon filing with the
25department of financial institutions secretary of state a statement of its intent so to
1do and a full and complete list of its duly elected officers and shall by so doing become
2a body corporate. No filing fee shall be charged by the
department of financial
3institutions secretary of state for so doing.
SB176, s. 437
4Section
437. 188.18 (1) of the statutes is amended to read:
SB176,122,145
188.18
(1) The department of Wisconsin and any chapter or unit of the Reserve
6Officers Association of the United States, organized in this state pursuant to the
7constitution, bylaws and rules and regulations of such association or such
8department, shall have full corporate power to transact business in this state and to
9take over the assets and liabilities of the existing department, chapters or other units
10upon filing with the
department of financial institutions secretary of state, a
11statement of its intention so to do, its name, location and a full and complete list
of
12its duly elected officers, and by so doing shall become a body corporate. No filing fees
13shall be charged by the
department of financial institutions secretary of state for so
14doing.
SB176, s. 438
15Section
438. 188.18 (3) of the statutes is amended to read:
SB176,122,2416
188.18
(3) Any department, chapter or other unit which has become a body
17corporate under the provisions of this section, whenever its constitution or bylaws
18do not provide the manner in which its name shall be changed or the dissolution
19effected, may change its name or dissolve by a majority vote of its members at a
20meeting called for that purpose. A certificate signed by the president and secretary
21stating the facts shall be filed with the
department of financial institutions secretary
22of state, and thereupon the name shall be changed or the corporation shall cease to
23exist except for the purpose of winding up its affairs. No filing fee shall be charged
24for such filing.
SB176, s. 439
25Section
439. 188.19 (1) of the statutes is amended to read:
SB176,123,11
1188.19
(1) Any post, county, district council, and department of the American
2Veterans of World War II (AMVETS) organized in this state pursuant to the acts of
3congress passed July 23, 1947 and the acts amendatory thereto, and any unit, county
4or district council, and department of the auxiliary of the American Veterans of World
5War II (AMVETS) organized in this state, shall have full corporate power to transact
6business in this state and to take over the assets and liabilities of the existing posts,
7units, county or district councils, or departments upon filing with the
department of
8financial institutions secretary of state a statement of its intent so to do, and a full
9and complete list of its duly elected officers, and shall by so doing become a body
10corporate. No filing fee shall be charged by the
department of financial institutions 11secretary of state.
SB176, s. 440
12Section
440. 188.20 of the statutes is amended to read:
SB176,124,12
13188.20 Changing names and dissolving units. Any post, county, district
14council, department or other unit of the American Veterans of World War II
15(AMVETS) or of the auxiliary of the American Veterans of World War II (AMVETS)
16which has become a body corporate under the provisions of s. 188.19 may change its
17name or dissolve by the adoption of a written resolution to that effect by a vote of a
18majority of its members present at a meeting called for that purpose and by filing the
19same as herein provided. Such resolution, with a certificate thereto affixed, signed
20by the commander and adjutant, or like or similar officers, stating the fact, including
21the date of the adoption of such resolution, the number of members present at such
22meeting, and the number of members who voted for the adoption of the resolution,
23shall be forwarded to and filed with the
department of financial institutions 24secretary of state, and thereupon the name of such corporation shall be changed or
25the corporation shall cease to exist, as the case may be. Or any corporation formed
1under s. 188.19 may be dissolved by the filing of a certificate in the office of the
2department of financial institutions secretary of state reciting that such corporation
3has ceased to be a unit of the American Veterans of World War II (AMVETS)
4auxiliary. Such certificate shall be signed by the national commander and national
5adjutant of the American Veterans of World War II (AMVETS) or by the state
6commander and state adjutant of the American Veterans of World War II (AMVETS)
7department of Wisconsin. In the case of units of the auxiliary the certificates shall
8be signed by the national president and national secretary or the department
9president and department secretary. Corporations dissolved under this section shall
10continue to have corporate existence for the time and purposes specified in s. 181.65.
11No fee shall be charged by the
department of financial institutions secretary of state 12for such filing.
SB176, s. 441
13Section
441. 188.21 (1) of the statutes is amended to read:
SB176,124,2414
188.21
(1) The department of Wisconsin and any post, unit, barracks,
15department or auxiliary of the American Veterans of World War I of the U.S.A., Inc.
16organized in this state pursuant to the acts of congress passed July 18, 1958 (P.L.
1785-530) (72 Stats. at Large pp. 370-375) and the acts amendatory thereto, shall have
18full corporate power to transact business in this state and to take over the assets and
19liabilities of the existing department of Wisconsin, posts, barracks, units,
20departments or auxiliaries of the Veterans of World War I of the U.S.A., Inc. upon
21filing with the
department of financial institutions
secretary of state a statement of
22its intent so to do, and a full and complete list of its duly elected officers, and shall
23by so doing become a body corporate. No filing fee shall be charged by the
department
24of financial institutions secretary of state.
SB176, s. 442
25Section
442. 188.22 (1) of the statutes is amended to read:
SB176,125,9
1188.22
(1) Any post, county or district council or department of the Jewish War
2Veterans organized in this state pursuant to the constitution, bylaws and rules and
3regulations of said organization shall have full corporate powers to transact business
4in this state and to take over the assets and liabilities of the existing posts, units,
5county or district councils or departments upon filing with the
department of
6financial institutions secretary of state a statement of its intent to do so and a full
7and complete list of its duly elected officers. By so doing such organization shall
8become a body corporate. No filing fee shall be charged by the
department of
9financial institutions secretary of state.
SB176, s. 443
10Section
443. 188.23 (1) of the statutes is amended to read:
SB176,125,2111
188.23
(1) Any post, county or district council or department of the Polish
12Legion of American Veterans (P.L.A.V.) organized in this state pursuant to the
13constitution, bylaws and rules and regulations of said organization, and any unit,
14county or district council or department of the auxiliary of the Polish Legion of
15American Veterans, shall have full corporate powers to transact business in this
16state and to take over the assets and liabilities of the existing posts, units, county or
17district councils or departments upon filing with the
department of financial
18institutions secretary of state a statement of its intent to do so and a full and complete
19list of its duly elected officers. By so doing such organization shall become a body
20corporate. No filing fee shall be charged by the
department of financial institutions 21secretary of state.
SB176, s. 444
22Section
444. 188.235 (1) of the statutes is amended to read:
SB176,126,623
188.235
(1) Any post, county or district council or department of the Army and
24Navy Union of the U.S.A. organized in this state pursuant to the constitution, bylaws
25and rules and regulations of said organization shall have full corporate powers to
1transact business in this state and to take over the assets and liabilities of the
2existing posts, units, county or district councils or departments upon filing with the
3department of financial institutions secretary of state a statement of its intent to do
4so and a full and complete list of its duly elected officers. By so doing such
5organization shall become a body corporate. No filing fee shall be charged by the
6department of financial institutions secretary of state.
SB176, s. 445
7Section
445. 188.24 (1) of the statutes is amended to read:
SB176,126,168
188.24
(1) Any post, county or district council or department of the Catholic
9War Veterans organized in this state pursuant to the constitution, bylaws and rules
10and regulations of said organization shall have full corporate powers to transact
11business in this state and to take over the assets and liabilities of the existing posts,
12units, county or district councils or departments upon filing with the
department of
13financial institutions secretary of state a statement of its intent to do so and a full
14and complete list of its duly elected officers. By so doing such organization shall
15become a body corporate. No filing fee shall be charged by the
department of
16financial institutions secretary of state.
SB176, s. 446
17Section
446. 188.25 of the statutes is amended to read:
SB176,127,2
18188.25 Annual reports of veterans' organizations. The state organization
19of any veterans' society or society affiliate which has a unit incorporated under this
20chapter shall file with the
department of financial institutions secretary of state on
21or before January 1 an annual report showing the elected officers of the state
22organization. No filing fee shall be charged. The secretary of any such state
23organization shall on request furnish the
department of financial institutions 24secretary of state information about subordinate units. If any veterans' society or
25society affiliate has no state organization each unit incorporated under this chapter
1shall file an annual report of the elected officers with the
department of financial
2institutions secretary of state on or before January 1.
SB176, s. 447
3Section
447. 188.26 of the statutes is amended to read:
SB176,127,14
4188.26 Veterans; corporations. Whenever any corporation is formed under
5ch. 180 or 181 or this chapter for the purpose of assisting any veteran, as defined in
6s. 45.37 (1a), or operating social clubs in which the name "veteran" appears, the
7department of financial institutions secretary of state shall investigate the same to
8ascertain the character thereof, and whether or not the same has been procured by
9fraudulent representation or concealment of any material fact relating to such
10veteran's name, purpose, membership, organization, management or control or
11other material fact. If the
department of financial institutions secretary of state so
12finds, such findings, misrepresentation or concealment shall be reported to the
13attorney general, and the attorney general shall bring an action to vacate or annul
14the corporate charter.
SB176, s. 448
15Section
448. 190.01 (2) of the statutes is amended to read:
SB176,128,216
190.01
(2) The articles of incorporation and amendments thereto shall be filed
17with the
department of revenue secretary of state; in the case of articles, the
18department of revenue secretary of state shall thereupon issue a certificate of
19incorporation and the corporation then has legal existence. The articles of
20incorporation or special charter of any railroad company may be amended by a
21majority vote of all the stock in the respects and for the purposes provided in s.
22180.1001. The fees for filing articles and amendments thereto are as provided in s.
23180.0122 (1) (a) and (m) except that the fees for filing an amendment which
24authorizes the issuance of redeemable preference shares for sale to the U.S.
25secretary of transportation under sections 505 and 506 of P.L.
94-210 is $15 for the
1amendment and an additional sum equal to $1 for each $100,000 or fraction thereof
2of par value redeemable preference shares authorized by the amendment.
SB176, s. 449
3Section
449. 190.01 (4) of the statutes is amended to read:
SB176,128,84
190.01
(4) A railroad that is incorporated in another state is not required to
5form a corporation in this state, but any railroad first transacting business in this
6state after January 1, 1994, is required to obtain a certificate of authority from the
7department of financial institutions secretary of state in the manner required of
8foreign corporations before the railroad transacts business in this state.
SB176, s. 450
9Section
450. 190.02 (9) (c) of the statutes is amended to read:
SB176,129,1310
190.02
(9) (c) Any railroad corporation organized to and which shall acquire,
11directly or by mesne conveyances, the property of another railroad corporation sold
12in judicial proceedings, or any railroad corporation reorganized under the federal
13bankruptcy act which corporation under a plan of reorganization as confirmed by the
14act, shall have been authorized to put into effect and carry out said plan, or any new
15railroad corporation which shall be organized for the like purpose, shall have all
16powers by law conferred upon railroad corporations, and may, at such times, in such
17amounts, for such considerations and upon such terms and conditions as the board
18of directors of said corporation shall determine, and as shall be authorized by the
19office, or in the case of a railroad corporation organized for the purpose of acquiring
20a railroad engaged in interstate commerce, or any existing railroad corporation
21reorganized under the act and acquiring railroad property used in interstate
22commerce, by the interstate commerce commission, as the case may be, issue, sell,
23pledge or otherwise dispose of its evidences of debt, which may be convertible, at the
24option of the holder, into stock, and shares of stock, which shares may have such
25nominal or par value or if the same be common stock, be without nominal or par
1value, and may be of such classes, with such rights and voting powers as may be
2expressed in its articles or any amendment thereto. In the case of a railroad
3corporation reorganized as aforesaid, the filing with the
department of financial
4institutions secretary of state of a certified copy of the plan of reorganization as
5confirmed by the federal bankruptcy act, if it shall so elect, shall accomplish and
6evidence the amendment of its charter or articles of incorporation without the
7necessity for any other or further action, corporate or otherwise, with respect thereto.
8Such reorganized railroad corporation shall thereupon have all powers necessary to
9put into effect and carry out such plan of reorganization in all respects but such filing
10of the plan of reorganization shall not preclude such existing corporation from
11amending its charter or articles in the manner now provided by law. The fees for
12filing such copy of plan of reorganization shall be the same as prescribed in s. 190.01
13(3).
SB176, s. 451
14Section
451. 190.051 (1) of the statutes is amended to read:
SB176,130,215
190.051
(1) Any railroad corporation may extend its road from any point named
16in its charter or articles of organization, or may build branch roads from any point
17on its line or from any point on the line of any other road connected or to be connected
18with its road, the use of which other road between such points and the connection
19with its own road such corporation shall have secured for a term of not less than ten
20years. Before making such extension or building any such branch road such
21corporation shall, by resolution of its directors, to be entered in the record of its
22proceedings, designate the route of such proposed extension or branch, and file, for
23record, a copy of such record, certified by the president and secretary, with the
24department of financial institutions secretary of state. Thereupon such corporation
25shall have all the rights and privileges to make such extension or build such branch
1and receive aid thereto which it would have had if it had been authorized in its
2charter or articles of organization.
SB176, s. 452
3Section
452. 190.06 (1) of the statutes is amended to read:
SB176,130,164
190.06
(1) Any railroad corporation existing under the laws of this state, or by
5consolidation under said laws and the laws of other states, may consolidate with any
6other railroad corporation, and possess all of the powers, franchises and immunities,
7and be subject to all the liabilities and restrictions of railroad corporations generally,
8and such, in addition, as the combining corporations peculiarly possessed or were
9subject to at the time of consolidation. Articles of consolidation shall be approved by
10each corporation, by a vote of a majority of the stock at an annual meeting or at a
11special meeting called for that purpose or by the consent in writing of the holders of
12a majority of the stock annexed to such articles; and such articles, with a copy of the
13records of such approval or such consent and accompanied by lists of the stockholders
14and the number of shares held by each, duly certified by their respective presidents
15and secretaries, shall be filed for record with the
department of financial institutions 16secretary of state before any such consolidation shall have validity or effect.
SB176, s. 453
17Section
453. 190.11 (1) of the statutes is amended to read:
SB176,130,2318
190.11
(1) Every conveyance or lease, deed of trust, mortgage or satisfaction
19thereof made by any railroad corporation shall be executed and acknowledged in the
20manner in which conveyances of real estate by corporations are required to be to
21entitle the same to be recorded, and shall be filed
with the department of financial
22institutions in the office of the secretary of state, which shall endorse thereon "filed"
23and the date of filing.
SB176, s. 454
24Section
454. 190.11 (3) of the statutes is amended to read:
SB176,131,2
1190.11
(3) The
department of financial institutions secretary of state shall
2collect a fee of $1 per page filed under sub. (1).
SB176, s. 455
3Section
455. 190.11 (4) of the statutes is amended to read:
SB176,131,84
190.11
(4) The
department of financial institutions secretary of state shall
5collect a fee at the rate under s. 77.22 and, on or before the 15th day of the month after
6the fee is collected, shall remit that fee to the department of administration for
7deposit in the general fund. Sections 77.21, 77.22 and 77.25 to 77.27 apply to the fee
8under this subsection.
SB176, s. 456
9Section
456. 191.10 (1) of the statutes is amended to read:
SB176,131,2210
191.10
(1) Issuance, filing, recording, condemnation. If the office of the
11commissioner of railroads finds that the proposed railroad would be a public
12convenience and that a necessity requires its construction, the office of the
13commissioner of railroads shall enter an order to that effect and issue to the applicant
14a certificate that public convenience and a necessity require the construction of the
15railroad as proposed. The certificate shall be filed in the office of the
department of
16financial institutions secretary of state and the
department of financial institutions 17secretary of state shall approve the map showing the route of the railroad. The
18applicant shall record the map certified by the office of the commissioner of railroads
19in the office of the register of deeds in each county in which the railroad shall be
20located. The filing of the certificate with the
department of financial institutions 21secretary of state and the recording of the map, as above provided, are conditions
22precedent to the right of the applicant to institute condemnation proceedings.
SB176, s. 457
23Section
457. 192.71 of the statutes is amended to read:
SB176,133,10
24192.71 Lands may be sold; proceedings if terms of grant not complied
25with. Any railroad corporation upon which any lands granted to this state shall have
1been conferred to aid in the construction of any railroad may sell, assign and transfer
2the lands so conferred upon it or any portion thereof to any other railroad corporation
3which shall by law have the right to construct a railroad along and upon the line or
4any portion of the line upon which such lands are applicable under the grant of this
5state upon such terms and conditions as it shall fix; provided, that the corporation
6receiving such lands shall be bound to construct the part of the line of railroad to aid
7in the construction of which the lands were granted to this state, to which the
8assigned lands are applicable according to the terms of the grant by congress, and
9to comply fully with all conditions and requirements contained in the act in and by
10which the state conferred said lands upon said corporation. The terms and
11conditions of every such transfer shall be embodied in an agreement in writing,
12which shall be recorded with the
department of financial institutions secretary of
13state; and provided further, that no such transfer or assignment shall be of any force
14or effect until two-thirds of the full-paid stockholders of the corporation making the
15same shall have assented in writing thereto and until such assent shall have been
16filed with the
department of financial institutions
secretary of state. Whenever any
17grant of lands shall have been or shall hereafter be made to any corporation to aid
18in the construction of a railroad upon condition that such road or any portion thereof
19shall be completed within the period of time or times fixed or limited by the act or acts
20making such grant or grants or by any act or acts amendatory thereof, and such
21corporation shall have failed or shall hereafter fail to complete such railroad or any
22part or portions thereof within the time or times fixed or limited by such act or acts,
23it shall be the duty of the attorney general of the state to immediately institute, if the
24legislature shall not have revoked said grant, proceedings against such corporation
25in the supreme court of the state to ascertain judicially the facts in the premises, and
1if it shall appear that such corporation has failed to complete its railway or any
2portion thereof within the time limited by said act or acts, or has otherwise
3committed a breach of the condition or conditions upon which said grant was
4conferred upon it, or of the requirements of said act, judgment shall be entered in
5behalf of the state forfeiting, vacating and setting aside such grant or grants and
6annulling all rights and interest of such corporation in and to all lands granted to it
7and not fully earned and restoring such lands to the state, and such corporation shall
8thereafter be barred and foreclosed of all rights and interests in or to the lands so
9adjudged to be forfeited and restored to the state, and of all right to in any manner
10thereafter acquire the same.
SB176, s. 458
11Section
458. 218.165 (1) of the statutes is amended to read:
SB176,133,1712
218.165
(1) The importation of a primary housing unit for sale in this state by
13an out-of-state manufacturer is deemed an irrevocable appointment by that
14manufacturer of the
department of financial institutions secretary of state to be that
15manufacturer's true and lawful attorney upon whom may be served all legal
16processes in any action or proceeding against such manufacturer arising out of the
17importation of such primary housing unit into this state.
SB176, s. 459
18Section
459. 218.165 (2) of the statutes is amended to read:
SB176,134,219
218.165
(2) The
department of financial institutions secretary of state upon
20whom processes and notices may be served under this section shall, upon being
21served with such process or notice, mail a copy by registered mail to the out-of-state
22manufacturer at the nonresident address given in the papers so served. The original
23shall be returned with proper certificate of service attached for filing in court as proof
24of service. The service fee shall be $4 for each defendant so served. The
department
1of financial institutions secretary of state shall keep a record of all such processes and
2notices, which record shall show the day and hour of service.
SB176, s. 460
3Section
460. 226.025 (3) of the statutes is amended to read:
SB176,134,154
226.025
(3) The appointment of the
department of financial institutions 5secretary of state or the designation of a resident agent as attorney for the service
6of summons, notice, pleadings or process under s. 180.1507 shall be applicable only
7to actions or proceedings against the foreign corporations described in this section
8(unless such corporations have been admitted to this state for purposes other than
9those mentioned in this section) where the cause of action or proceeding arises out
10of transactions between such foreign corporations and public utilities operating in
11this state with which such foreign corporations are affiliated; and to actions or
12proceedings by or before the public service commission or office of the commissioner
13of railroads involving the transactions described in sub. (1), or involving the relation
14between such foreign corporations and public utilities operating in this state with
15which they are affiliated.
SB176, s. 461
16Section
461. 226.14 (1) of the statutes is amended to read:
SB176,135,1317
226.14
(1) No common law trust organized in this state, and no such trust
18formed or organized under or by authority of the laws of any state or foreign
19jurisdiction, for the purpose of doing business under a declaration of trust which
20shall have issued to five or more persons, or which shall sell or propose to sell
21beneficial interests, certificates or memberships therein, shall transact business, or
22acquire, hold or dispose of property in this state until the trustees named in said
23declaration of trust shall have caused to be filed with the
department of financial
24institutions secretary of state the original declaration of trust, or a true copy thereof,
25and all amendments which may be made, verified as such by the affidavits of two of
1the signers thereof. A like verified copy of the declaration and such amendments, and
2a certificate of the
department of financial institutions secretary of state, showing
3the date when such declaration was filed and accepted by the
department of financial
4institutions secretary of state within thirty days of such filing and acceptance, shall
5be recorded with the register of deeds of the county in which such trust has its
6principal office or place of business in this state. No such trust shall transact
7business in this state until such declaration or such copy thereof be left for record.
8The register of deeds shall forthwith transmit to the
department of financial
9institutions secretary of state a certificate stating the time when such copy was
10recorded and shall be entitled to a fee of twenty-five cents therefor, to be paid by the
11person presenting such papers for record. Upon receipt of such certificate the
12department of financial institutions secretary of state shall issue to said trustees a
13certificate of filing.
SB176, s. 462
14Section
462. 226.14 (3) of the statutes is amended to read:
SB176,135,1815
226.14
(3) Every such trust shall pay to the
department of financial institutions 16secretary of state a filing fee of $50, and $15 for each subsequent amendment,
17together with a further fee of $1 for each $1,000 of beneficial certificates sold or
18offered for sale in this state.
SB176, s. 463
19Section
463. 226.14 (4) (intro.) of the statutes is amended to read:
SB176,136,220
226.14
(4) (intro.) Every such trust shall file, accompanied by a filing fee of $5,
21with the
department of financial institutions secretary of state a verified statement
22on or before each March 31, showing the names and addresses of each of the trustees;
23the nature of the business transacted during the preceding year; in what states such
24trust is operating; the amount and number of beneficial certificates sold in this state,
25or elsewhere; a statement as to the total amount of beneficial certificates
1outstanding. Any such report not filed before April 1, may be filed only upon payment
2to the
department of financial institutions secretary of state of the following fees:
SB176, s. 464
3Section
464. 226.14 (4) (c) of the statutes is amended to read:
SB176,136,74
226.14
(4) (c) If said report is not filed before the following January 1, the trust
5shall not be in good standing. Until it is restored to good standing the
department
6of financial institutions secretary of state shall not accept for filing any documents
7respecting such trust except documents incident to its dissolution.
SB176, s. 465
8Section
465. 226.14 (4) (d) of the statutes is amended to read:
SB176,136,139
226.14
(4) (d) The trust may be restored to good standing by delivering to the
10department of financial institutions secretary of state a current annual report
11conforming to the requirements of this section and by paying to the
department of
12financial institutions secretary of state $10 for each calendar year or part thereof
13during which the trust has not been in good standing, not exceeding a total of $105.
SB176, s. 466
14Section
466. 226.14 (5) of the statutes is amended to read:
SB176,136,2215
226.14
(5) Every such trust shall file with the
department of financial
16institutions secretary of state the name of a trustee or trustees, if they designate
17more than one, resident in this state upon whom service may be made for and on
18behalf of said trust; or if none of such trustees reside in this state, then a statement
19shall be duly filed by the trustees appointing the
department of financial institutions 20secretary of state as the agent to accept service of process in this state, which
21appointment shall continue so long as such trust has any liabilities outstanding in
22this state.
SB176, s. 467
23Section
467. 231.13 (2) of the statutes is amended to read:
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231.13
(2) The authority shall pledge the revenues derived and to be derived
25from a project and other related health facilities, educational facilities or child care
1centers for the purposes specified in sub. (1), and additional bonds may be issued
2which may rank on a parity with other bonds relating to the project to the extent and
3on the terms and conditions provided in the bond resolution. Such pledge shall be
4valid and binding from the time when the pledge is made, the revenues so pledged
5by the authority shall immediately be subject to the lien of such pledge without any
6physical delivery thereof or further act and the lien of any such pledge shall be valid
7and binding as against all parties having claims of any kind in tort, contract or
8otherwise against the authority, irrespective of whether such parties have notice
9thereof. Neither the bond resolution nor any financing statement, continuation
10statement or other instrument by which a pledge is created or by which the
11authority's interest in revenues is assigned need be filed or recorded in any public
12records in order to perfect the lien thereof as against 3rd parties, except that a copy
13thereof shall be filed in the records of the authority and with the
department of
14financial institutions secretary of state.
SB176, s. 468
15Section
468. 406.104 (1) (c) of the statutes is amended to read:
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406.104
(1) (c) The transferee preserves the list and schedule for 6 months next
17following the transfer and permits inspection of either or both and copying therefrom
18at all reasonable hours by any creditor of the transferor, or files the list and schedule
19with the
department of financial institutions secretary of state.
SB176, s. 469
20Section
469. 409.105 (1) (dm) of the statutes is repealed.
SB176, s. 470
21Section
470. 409.401 (1) (c) of the statutes is amended to read:
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409.401
(1) (c) In all other cases, with the
department secretary of state.
SB176, s. 471
23Section
471. 409.401 (5) of the statutes is amended to read:
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409.401
(5) Notwithstanding the preceding subsections, and subject to s.
25409.302 (3), the proper place to file in order to perfect a security interest in collateral,
1including fixtures, of a transmitting utility is with the
department secretary of state.
2This filing constitutes a fixture filing under s. 409.313 as to the collateral described
3therein which is or is to become fixtures.
SB176, s. 472
4Section
472. 409.402 (3m) of the statutes is amended to read:
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409.402
(3m) The
department secretary of state shall prescribe by rule
6standard forms for filing a financing statement, continuation statement,
7termination statement, statement of assignment or statement of release. A filing
8officer may refuse to accept statements not on the required form or not containing
9information required under sub. (1).
SB176, s. 473
10Section
473. 409.403 (5) (a) 1. of the statutes is amended to read:
SB176,138,1811
409.403
(5) (a) 1. The fee for filing and indexing and for stamping a copy
12furnished by the secured party to show the date and place of filing for an original
13financing statement is $8 if the statement is on the standard form prescribed by the
14department secretary of state and is $16 if the statement is not on the standard form
15or if additional pages are attached to the standard form. The fee for filing an original
16financing statement subject to s. 409.402 (5) is $10 if the statement is on the standard
17form and is $20 if the statement is not on the standard form or if additional pages
18are attached to the standard form.
SB176, s. 474
19Section
474. 409.403 (5) (a) 2. of the statutes is amended to read:
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409.403
(5) (a) 2. The fee for filing and indexing and for stamping a copy
21furnished by the secured party to show the date and place of filing for an amendment
22or a continuation statement is $5 if the amendment or statement is on the standard
23form prescribed by the
department secretary of state and is $10 if the amendment
24or statement is not on the standard form or if additional pages are attached to the
25standard form.
SB176, s. 475
1Section
475. 409.403 (5) (a) 3. of the statutes is amended to read:
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409.403
(5) (a) 3. A register of deeds shall forward $3 to the
department 3secretary of state for each original financing statement filed with the office of the
4register of deeds under subd. 1. and for each amendment and each continuation
5statement filed with the office of the register of deeds under subd. 2.
SB176, s. 476
6Section
476. 409.403 (5) (b) (title) of the statutes is amended to read:
SB176,139,87
409.403
(5) (b) (title)
Fees for filing with the department of financial
8institutions secretary of state.
SB176, s. 477
9Section
477. 409.403 (5) (b) 1. of the statutes is amended to read:
SB176,139,1410
409.403
(5) (b) 1. The fee for filing and indexing and for stamping a copy
11furnished by the secured party to show the date and place of filing for an original
12financing statement is $8 if the statement is on the standard form prescribed by the
13department secretary of state and is $16 if the statement is not on the standard form
14or if additional pages are attached to the standard form.