Oklahoma 2025 Regular Session

Oklahoma House Bill HB2762 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SENATE FLOOR VERSION - HB2762 SFLR Page 1
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	3	+	ENGR. H. B. NO. 2762 Page 1 1
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33	28		ENGROSSED HOUSE
34	29		BILL NO. 2762 By: Caldwell (Trey) of the
35	30		House
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37	32		and
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39	34		Woods of the Senate
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45	40		An Act relating to international corporation agents;
46	41		creating the International Corporation Agent
47	42		Political Activity Oversight Act of 2025; defining
48	43		terms; prohibiting certain acts under certain
49	44		conditions; requiring filing to perform certain acts;
50	45		requiring certain information be included in filing;
51	46		providing exception; amending 18 O.S. 2021, Section
52	47		1142, which relates to Secretary of State filing and
53	48		service fees; establishing filing fee and
54	49		establishing amount; authorizing certain acts to
55	50		facilitate implementation; providing for
56	51		noncodification; providing for codification; and
57	52		providing an effective date.
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63	58		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OK LAHOMA:
64	59		SECTION 1. NEW LAW A new section of law not to be
65	60		codified in the Oklahoma Statutes reads as follows:
66	61		Section 2 of this act shall be known and may be cited as the
67	62		"International Corporation Agent Political Activity Oversight Act of
68	63		2025".
	64	+	SECTION 2. NEW LAW A new section of law to be codified
	65	+	in the Oklahoma Statutes as Section 1144 -1 of Title 18, unless there
	66	+	is created a duplication in numbering, re ads as follows:
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	68	+	ENGR. H. B. NO. 2762 Page 2 1
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96		-	SECTION 2. NEW LAW A new section of law to be codified
97		-	in the Oklahoma Statutes as Section 1144 -1 of Title 18, unless there
98		-	is created a duplication in numbering, re ads as follows:
99	93		A. As used in this section:
100	94		1. "Completed filing" means a form developed and made available
101	95		by the Secretary of State of this state, completed accurately in its
102	96		entirety; and
103	97		2. "International corporation agent" means:
104	98		a. an individual representing the interests of a
105	99		corporation or a busi ness entity incorporated or
106	100		headquartered outside the United States of America, or
107	101		b. an individual representing the interests of a
108	102		corporation or a business entity with a fifty -one
109	103		percent (51%) or great er interest owned or controlled
110	104		by a corporation or a business entity incorporated,
111	105		headquartered, or domiciled outside the United States
112	106		of America.
113	107		For purposes of this definition, "representing" means taking
114	108		efforts on behalf of the international corporation in exchange for
115	109		compensation.
116	110		B. Except for those covered under the provisions of a national
117	111		security agreement with the Committee on Foreign Investments in the
118	112		United States (CFIUS), no individual shall advocate:
	113	+	1. To influence the laws of this s tate as they apply to an
	114	+	associated international co rporation; or
	115	+	2. For funding from this state that would benefit an associated
	116	+	international corporation ,
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	118	+	ENGR. H. B. NO. 2762 Page 3 1
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146		-	1. To influence the laws of this s tate as they apply to an
147		-	associated international corporation; or
148		-	2. For funding from this state that would benefit an associated
149		-	international corporation ,
150	143		until such individual shall have paid to the Secretary of State of
151	144		this state the fees prescribed in Section 1142 of Title 18 of the
152	145		Oklahoma Statutes, and shall have filed with the Secretary of State
153	146		of this state a completed filing, as an international corporation
154	147		agent under the provisions of this section.
155	148		C. The Secretary of State shall develop a filing form and make
156	149		it available to the public to f acilitate compliance with the
157	150		provisions of this section. Such form shall include, but not be
158	151		limited to, the name of such international corporation being
159	152		advocated for and the time period for which such advocation is to
160	153		occur.
161	154		D. The Secretary of State may promulgate rules, develop forms,
162	155		and implement procedures as necessary to execute the provisions of
163	156		this section.
164	157		SECTION 3. AMENDATORY 18 O.S. 2021, Section 1142, is
165	158		amended to read as follows:
166	159		Section 1142.
167	160		FILING AND OTHER SERVICE FEES
	161	+	A. The Secretary of State, for services performed in the Office
	162	+	of the Secretary of State and for expense of mailing, shall charge
	163	+	and collect the following fees:
	164	+	1. For any report, document, or other paper required to be
	165	+	filed in the Office of the Secretary of State, a fee of Twenty -five
	166	+	Dollars ($25.00);
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	168	+	ENGR. H. B. NO. 2762 Page 4 1
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195		-	A. The Secretary of State, for services performed in the Office
196		-	of the Secretary of State and for expense of mailing, shall charge
197		-	and collect the following fees:
198		-	1. For any report, document, or other pap er required to be
199		-	filed in the Office of the Secretary of State, a fee of Twenty -five
200		-	Dollars ($25.00);
201	193		2. For reservation of corporate name, a fee of Ten Dollars
202	194		($10.00);
203	195		3. For issuing extra copies of any certificate not requiring
204	196		any extra filing of papers or documents of any kind, a fe e of Ten
205	197		Dollars ($10.00);
206	198		4. For issuing any other certificate, a fee of Ten Dollars
207	199		($10.00);
208	200		5. For receiving a filing or indexing the annual certificate of
209	201		a foreign corporation doing business in this state, or both when
210	202		filed together, a fee of Ten Dollars ($10.00);
211	203		6. For preclearance of any document for filing, a fee of Fifty
212	204		Dollars ($50.00);
213	205		7. For each service of process made upon and accepted by the
214	206		Secretary of State, a fee of Twenty -five Dollars ($25.00);
215	207		8. For preparing and providing a r eport of a record search, a
216	208		fee of Five Dollars ($5.00);
217	209		9. For filing and issuing certificates of incorporation, the
218	210		fee shall be one-tenth of one percent (1/10 of 1%) of the authorized
	211	+	capital stock of such corporation; provided, that the minimum fee
	212	+	for any such service shall be Fifty Dollars ($50.00); provided
	213	+	further, that not-for-profit corporations shall only be required to
	214	+	pay a fee of Twenty-five Dollars ($25.00);
	215	+	10. For filing and issuing amen ded certificates of
	216	+	incorporation or certificates of restatement, reorganization,
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	218	+	ENGR. H. B. NO. 2762 Page 5 1
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246		-	capital stock of such corporati on; provided, that the minimum fee
247		-	for any such service shall be Fifty Dollars ($50.00); provided
248		-	further, that not-for-profit corporations shall only be required to
249		-	pay a fee of Twenty-five Dollars ($25.00);
250		-	10. For filing and issuing amen ded certificates of
251		-	incorporation or certificates of restatement, reorganization,
252	243		revival, extension or dissolution, the fee shall be Fifty Dollars
253	244		($50.00); provided, however, not -for-profit corporations shall only
254	245		be required to pay a fee of Twenty -five Dollars ($25.00). If an
255	246		amendment shall provide for an increase in authorized capital in
256	247		excess of Fifty Thousand Dollars ($50,000.00), the filing fee shall
257	248		be an amount equal to one -tenth of one percent (1/10 of 1%) of such
258	249		increase;
259	250		11. For filing and issuing certificates of consolidation, if
260	251		the resulting corporation is a domestic corporation, or merger, if
261	252		the surviving corporation is a domestic corporation, the fee shall
262	253		be One Hundred Dollars ($100.00); provided, however, not -for-profit
263	254		corporations shall only be required to pay a fee of Twenty -five
264	255		Dollars ($25.00). If the merger or consolidation shall increase the
265	256		authorized capital of the surviving or resulting corporation in
266	257		excess of Fifty Thousand Dollars ($50,000.00), the filing fee shall
267	258		be an amount equal to one -tenth of one percent (1/10 of 1%) of such
268	259		increase;
	260	+	12. For filing and issuing a certificate of conversion,
	261	+	whenever the resulting corporation is a domestic corporation, the
	262	+	minimum fee shall be One Hundred Dollars ($100.00); provided,
	263	+	however, if the certificate of incorporation of the resulting
	264	+	corporation authorizes capital stock in excess of Fifty Thousand
	265	+	Dollars ($50,000.00), the filing fee shall be an amount equal to
	266	+	one-tenth of one percent (1/10 of 1%) of such authorized cap ital.
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	268	+	ENGR. H. B. NO. 2762 Page 6 1
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296		-	12. For filing and issuing a certificate of conversion,
297		-	whenever the resulting corporation is a domestic corporation, the
298		-	minimum fee shall be One Hundred Dollars ($100.00); provided,
299		-	however, if the certificate of incorporation of the resulting
300		-	corporation authorizes capital stock in excess of Fifty Thousand
301		-	Dollars ($50,000.00), the filing fee shall be an amount equal to
302		-	one-tenth of one percent (1/10 of 1%) of such authorized cap ital.
303	293		If the resulting domestic corporation is not for profit, it shall
304	294		only be required to pay a fee of Fifty Dollars ($50.00);
305	295		13. For issuing a certificate to a foreign corporation to do
306	296		business in this state, and filing a certificate and statement of
307	297		such corporation required pursuant to the provisio ns of Section 1130
308	298		of this title, the fee shall be one -tenth of one percent (1/10 of
309	299		1%) of the maximum amount of capital invested by such corporation in
310	300		the state at any time during the fiscal year such certificate is
311	301		issued to any such foreign corporatio n; provided, that the minimum
312	302		fee for any such service shall be Three Hundred Dollars ($300.00);
313	303		provided further, that no such corporation shall be required to pay
314	304		a fee on an amount in excess of its authorized capital;
315	305		14. For amended certificate of qua lification of a foreign
316	306		corporation, a fee of Two Hundred Dollars ($200.00); provided,
317	307		however, for a certificate solely reflecting a change of mailing
318	308		address, a fee of Ten Dollars ($10.00);
	309	+	15. For filing a certificate of consolidation, if the resulting
	310	+	corporation is a foreign corporation, or merger, if the surviving
	311	+	corporation is a foreign corporation, the fee shall be One Hundred
	312	+	Dollars ($100.00);
	313	+	16. For filing a certificate of withdrawal of a foreign
	314	+	corporation doing business in this state, a fe e of One Hundred
	315	+	Dollars ($100.00);
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346		-	15. For filing a certificate of consolidation, if the resulting
347		-	corporation is a foreign corporation, or merger, if the surviving
348		-	corporation is a foreign corporation, the fee shall be One Hundred
349		-	Dollars ($100.00);
350		-	16. For filing a certificate of withdrawal of a foreign
351		-	corporation doing business in this state, a fee of One Hundred
352		-	Dollars ($100.00);
353	342		17. Every foreign corporation on the anniversary of its
354	343		qualification in this state each year, shall cause to be filed with
355	344		the Secretary of State a certificate of its president, vice-
356	345		president or other managing officer s, in which shall be stated and
357	346		shown the maximum amount of capital the corporation had invested in
358	347		the state at any time subsequent to the issuance to it of a
359	348		certificate to do business in this state and the amount of capital
360	349		previously paid upon. If the amount of capital so invested as shown
361	350		by said certificate exceeds the amount formerly paid upon, the
362	351		corporation, at the time of filing said certificate, shall pay to
363	352		the Secretary of State an additiona l fee equal to one-tenth of one
364	353		percent (1/10 of 1%) of the amount of such excess capital so
365	354		invested by the corporation in the state; provided, that no such
366	355		corporation shall be required to pay a filing fee on an amount in
367	356		excess of its authorized capital, or to file the certificate
368	357		provided for in this pa ragraph after it shall have paid a filing fee
369	358		on its total authorized capitalization;
	359	+	18. For acting as the registered agent, a fee of One Hundred
	360	+	Dollars ($100.00) payable on the first day of July each year, and if
	361	+	not paid before the next ensuing Septem ber 1st, the Oklahoma Tax
	362	+	Commission shall suspend and forfeit the charter of the delinquent
	363	+	corporation pursuant to the procedures prescribed in Section 1212 of
	364	+	Title 68 of the Oklahoma Statutes. The Tax Commission shall collect
	365	+	and audit the registered agent fee authorized pursuant to this
370	366
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	367	+	ENGR. H. B. NO. 2762 Page 8 1
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397		-	18. For acting as the registered agent, a fee of One Hundred
398		-	Dollars ($100.00) payable on the first day of July each year, and if
399		-	not paid before the next ensuing September 1st, the Oklahoma Tax
400		-	Commission shall suspend and forfeit the charter of the delinquent
401		-	corporation pursuant to the procedures prescribed in Section 1212 of
402		-	Title 68 of the Oklahoma Statutes. The Tax Commission sh all collect
403		-	and audit the registered agent fee authorized pursuant to this
404	392		paragraph in conjunction with the collection and audit of franchise
405	393		taxes as provided for in Sections 1201 through 1214 of Title 68 of
406	394		the Oklahoma Statutes. All mon ies received by the Tax Commission
407	395		pursuant to the provisions of this paragraph shall be paid to the
408	396		State Treasurer for deposit in the General Revenue Fund;
409	397		19. For filing a change of address for any individual,
410	398		corporation, limited liability company or limited partnership
411	399		designated by a corporation as its registered agent for service of
412	400		process, or for the change of name or the resignation of a
413	401		registered agent, a fee of Twenty -five Dollars ($25.00), for the
414	402		first forty corporations and Five Dollars ($ 5.00) for each
415	403		additional corporation within any bul k filing; and
416	404		20. For any response by means of telecommunications to
417	405		inquiries regarding information required to be maintained by the
418	406		Secretary of State, a fee of Five Dollars ($5.00), unless otherwise
419	407		provided. Fees collected pursuant to this paragraph shall be
	408	+	deposited in the Revolving Fund for the Office of the Secretary of
	409	+	State; and
	410	+	21. For receiving a filing of an international corporation
	411	+	agent, a fee of Twenty -five Dollars ($25.00) .
	412	+	B. Except as otherwise provided by law, fees paid to the
	413	+	Secretary of State in accordance with the provisions of the Oklahoma
	414	+	General Corporation Act shall be properly accounted for and shall be
420	415
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447		-	deposited in the Revolving Fund for the Office of the Secretary of
448		-	State; and
449		-	21. For receiving a filing of an international corporation
450		-	agent, a fee of Twenty -five Dollars ($25.00) .
451		-	B. Except as otherwise provided by law, fees paid to the
452		-	Secretary of State in accordance with the provisions of the Oklahoma
453		-	General Corporation Act shall be properly accounted for and shall be
454	441		paid monthly to the State Treasurer for deposit in the General
455	442		Revenue Fund.
456	443		C. For any certificate supplied by the county clerk, such clerk
457	444		shall receive a fee of One Dollar ($1.00). Such fees shall be
458	445		properly accounted for and shall be paid into the county treasury in
459	446		the same manner as other fees collected by the county clerk for the
460	447		filing and recording of mortgages and deeds.
461	448		D. In any court proceeding pursuant to the provisions of the
462	449		Oklahoma General Corporation Act requiring the filing of any decree,
463	450		order, report or other document in the Office of the Secretary of
464	451		State or in the office of any county clerk, in addi tion to the usual
465	452		court costs and the costs for filing in the office of the clerk of
466	453		the court, fees equal to the amounts provided for in this section
467	454		for such required filing shall be collected as costs in such
468	455		proceedings and such amount shall be forward ed to the Secretary of
469	456		State and the county clerk with the papers to be filed.
	457	+	E. The provisions contained in this section relating to the
	458	+	payment of incorporation fees by foreign corporations are not
	459	+	intended and shall not be construed to relieve such co rporations,
	460	+	where applicable, of the payment of the annual corporate franchise
	461	+	tax to the Tax Commission.
	462	+	F. For the purposes of computing the fees to be collected by
	463	+	the Secretary of State pursuant to t he provisions of this section,
	464	+	each share without pa r value shall be treated the same as a share
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497		-	E. The provisions contained in this section relating to the
498		-	payment of incorporation fees by foreign corporations are not
499		-	intended and shall not be construed to relieve such corporations,
500		-	where applicable, of the payment of the annual corporate franchise
501		-	tax to the Tax Commission.
502		-	F. For the purposes of computing the fees to be collected by
503		-	the Secretary of State pursuant to t he provisions of this section,
504		-	each share without par value shall be treated the same as a share
505	491		with a par value of Fifty Dollars ($50.00), and the fees thereon
506	492		shall be collected accordingly.
507	493		G. Payments for any required fees except as otherwise provided
508	494		by law may be made as follows:
509	495		1. By the applicant's personal or company check, cash, or money
510	496		order; or
511	497		2. By a nationally recognized credit card issued to the
512	498		applicant. The Secretary of State may add a convenience fee, not to
513	499		exceed four percent (4 %) of the amount of such payment for services
514	500		provided through telephonic or electronic media. For purposes of
515	501		this paragraph, "nationally recognized credit card" means any
516	502		instrument or device, whether known as a credit card, credit plate,
517	503		charge plate, or by any other name, issued with or without fee by an
518	504		issuer for the use of the cardholder in obtaining goods, services,
519	505		or anything else of value on credit which is accepted by over one
520	506		thousand merchants in this state. The Secretary of State shall
	507	+	determine which nationally recognized credit cards will be accepted;
	508	+	provided, however, the Secretary of State must ensure that no loss
	509	+	of state revenue will occur by the use of such card. The
	510	+	convenience fee collected pursuant to this paragraph shall be
	511	+	credited to the Revolving Fund for the Office of the Sec retary of
	512	+	State, as established in Section 276.1 of Title 62 of the Oklahoma
	513	+	Statutes.
	514	+	SECTION 4. This act shall become effective November 1, 2025.
521	515
522		-	SENATE FLOOR VERSION - HB2762 SFLR Page 11
523		-	(Bold face denotes Committee Amendments) 1
	516	+	ENGR. H. B. NO. 2762 Page 11 1
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548		-	determine which nationally recognized credit cards will be accepted;
549		-	provided, however, the Secretary of State must ensure that no loss
550		-	of state revenue will occur by the use of such card. The
551		-	convenience fee collected pursuant to this paragraph shall be
552		-	credited to the Revolving Fund for the Office of the Secretary of
553		-	State, as established in Section 276.1 of Title 62 of the Oklahoma
554		-	Statutes.
555		-	SECTION 4. This act shall become effective November 1, 2025.
556		-	COMMITTEE REPORT BY: COMMITTEE ON JUDIC IARY
557		-	April 22, 2025 - DO PASS
	541	+	Passed the House of Representatives the 27th day of February,
	542	+	2025.
	543	+
	544	+
	545	+
	546	+
	547	+	Presiding Officer of the House
	548	+	of Representatives
	549	+
	550	+
	551	+	Passed the Senate the _____ day of __________, 2025.
	552	+
	553	+
	554	+
	555	+
	556	+	Presiding Officer of the Senate
	557	+