ARIZONA
HOUSE OF REPRESENTATIVES
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HB 2457: corporation commission; database fee; prohibited |
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PRIME SPONSOR: Representative Norgaard, LD 18 BILL STATUS: House Engrossed
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Relating to ACC fees.
Provisions
1. Prohibits the ACC from charging a fee to entities for information entered into the database that contains documents of a corporation or LLC. (Sec. 1)
Current Law
The ACC is required to establish and maintain a database containing certain documents of a corporation or LLC, include incorporation, dissolutions, and mergers. Entities that file documents in the database must have a known place of business in a county with more than 800,000 people. The database is posted on the ACC's website for at least 90 days, allowing the public to search for business information. The ACC may charge the entities a fee for information entered into the database (A.R.S. § 10-130).
A.R.S. § 10-140 defines entity as a corporation, foreign corporation, not-for-profit corporation, profit and not-for-profit unincorporated association, nonprofit corporation, close corporation, corporation sole or LLC, a professional corporation, association or LLC, a business trust, estate, partnership, registered limited liability partnership, trust or joint venture, two or more persons having a joint or common economic interest, any person other than an individual and a state, the United States and a foreign government.
Additional Information
The ACC has the power to prescribe just and reasonable classifications, charge rates made and collected by public service corporations, make rules and regulations, and form contracts for the preservation and health of employees and patrons. ACC's participating cities and towns supervise public service corporations, including the rates and fees set by the corporation (AZ Constitution, Article XV, Section 3).
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Fifty-third Legislature HB 2457
Second Regular Session Version 3: House Engrossed
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