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3 | 5 | | |
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4 | 6 | | A BILL TO BE ENTITLED |
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5 | 7 | | AN ACT |
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6 | 8 | | relating to the methods of submission of business filings; |
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7 | 9 | | increasing the amount of certain fees. |
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8 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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9 | 11 | | SECTION 1. Section 4.001, Business Organizations Code, is |
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10 | 12 | | amended to read as follows: |
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11 | 13 | | (a) A filing instrument must be: |
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12 | 14 | | (1) signed by a person authorized by this code to act |
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13 | 15 | | on behalf of the entity in regard to the filing instrument; and |
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14 | 16 | | (2) delivered to the secretary of state in person or by |
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15 | 17 | | mail, courier, [facsimile or] electronic transmission, or any other |
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16 | 18 | | [comparable form of delivery] method approved by the secretary of |
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17 | 19 | | state. |
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18 | 20 | | (b) A person authorized by this code to sign a filing |
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19 | 21 | | instrument for an entity is not required to show evidence of the |
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20 | 22 | | person's authority as a requirement for filing. |
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21 | 23 | | SECTION 2. Section 405.032, Government Code, is amended by |
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22 | 24 | | amending Subsections (a)-(c) and adding Subsection (d) to read as |
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23 | 25 | | follows: |
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24 | 26 | | (a) The secretary of state may set [and collect] a fee not to |
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25 | 27 | | exceed $5,000 for the following: |
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26 | 28 | | (1) [for] the expedited handling of a certified record |
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27 | 29 | | search or expedited filing of a document in the security interest |
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28 | 30 | | and financing statement records of the secretary [, a fee of not |
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29 | 31 | | more than $15]; |
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30 | 32 | | (2) [for] the expedited filing or reviewing of a |
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31 | 33 | | document relating to a profit or nonprofit corporation, |
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32 | 34 | | professional corporation or association, cooperative association, |
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33 | 35 | | unincorporated nonprofit association, limited or general |
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34 | 36 | | partnership, or limited liability company[, a fee of not more than |
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35 | 37 | | $25]; |
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36 | 38 | | (3) [for] the expedited access or access by electronic |
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37 | 39 | | data transmittal processes to data that is stored in state computer |
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38 | 40 | | record banks maintained by the secretary, a fee in an amount |
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39 | 41 | | reasonable and necessary to cover the costs of establishing and |
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40 | 42 | | administering the system. Notwithstanding any other provision of |
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41 | 43 | | this code, the secretary of state is authorized to maintain a system |
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42 | 44 | | to provide expedited access by electronic data transmittal |
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43 | 45 | | processes to all information that is stored in state computer banks |
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44 | 46 | | maintained by the secretary of state and that is not classified as |
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45 | 47 | | confidential by statute or a court decision; and |
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46 | 48 | | (4) [for] the expedited handling of a request for a |
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47 | 49 | | certified copy or certificate of fact relating to a profit or |
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48 | 50 | | nonprofit corporation, professional corporation or association, |
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49 | 51 | | cooperative association, unincorporated nonprofit association, |
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50 | 52 | | limited or general partnership, limited liability company, assumed |
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51 | 53 | | name, trademark document, or other document filed for public record |
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52 | 54 | | with the [corporations section] business filings division of the |
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53 | 55 | | office of the secretary of state [, a fee of not more than $10 a copy |
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54 | 56 | | or certificate]. |
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55 | 57 | | (b) If the secretary of state collects a fee under |
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56 | 58 | | [Subsection (a)(2)] this section, the secretary of state shall |
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57 | 59 | | collect it in advance. |
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58 | 60 | | (c) The secretary of state shall deposit the fees in the |
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59 | 61 | | state treasury to the credit of the general revenue fund. |
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60 | 62 | | (d) For purposes of this section, "expedited handling" |
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61 | 63 | | means the processing of a document or order submitted by a person to |
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62 | 64 | | the secretary of state as required by the Business Organizations |
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63 | 65 | | Code or other law for which the person requires the document or |
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64 | 66 | | order to be filed or processed in a time period agreed upon by the |
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65 | 67 | | person and the secretary of state, including a processing time of |
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66 | 68 | | less than one business day. The secretary of state may decline any |
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67 | 69 | | request for expedited handling. If the secretary of state fails to |
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68 | 70 | | process the document in a time period agreed upon by the person and |
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69 | 71 | | the secretary of state, the secretary of state shall refund to the |
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70 | 72 | | person the expedited handling fee. |
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71 | 73 | | SECTION 3. Section 4.001, Business Organizations Code, as |
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72 | 74 | | amended by this Act, applies only to a filing instrument delivered |
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73 | 75 | | to the secretary of state on or after the effective date of this |
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74 | 76 | | Act. A filing instrument delivered before the effective date of |
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75 | 77 | | this Act is governed by the law in effect on the date the filing |
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76 | 78 | | instrument was delivered to the secretary of state, and the former |
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77 | 79 | | law is continued in effect for that purpose. |
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78 | 80 | | SECTION 4. Section 405.032, Government Code, as amended by |
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79 | 81 | | this Act, applies only to the processing of an expedited handling |
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80 | 82 | | submitted on or after the effective date of this Act. An expedited |
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81 | 83 | | handling submitted before the effective date of this Act is |
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82 | 84 | | governed by the law in effect on the date the application was |
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83 | 85 | | submitted, and the former law is continued in effect for that |
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84 | 86 | | purpose. |
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85 | 87 | | SECTION 5. Section 4.001, Business Organizations Code, as |
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86 | 88 | | amended by this Act, takes effect immediately if it receives a vote |
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87 | 89 | | of two-thirds of all the members elected to each house, as provided |
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88 | 90 | | by Section 39, Article III, Texas Constitution. If this Act does |
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89 | 91 | | not receive the vote necessary for immediate effect, Section 4.001, |
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90 | 92 | | Business Organizations Code, as amended by this Act, shall take |
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91 | 93 | | effect September 1, 2025. |
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92 | 94 | | SECTION 6. Section 405.032, Government Code, as amended by |
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93 | 95 | | this Act, shall take effect January 1, 2026. |
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