The bill amends various fees collected by the Secretary of State in South Dakota, updating the language and amounts associated with filing different documents. Key changes include the adjustment of fees for articles of incorporation, applications for reserved names, and annual reports, with many fees being specified in dollar amounts rather than numerical figures. For instance, the fee for filing articles of incorporation is now set at "one hundred fifty dollars," and the annual report fee has been increased to "fifty-five dollars." Additionally, a new fee is introduced for entities that fail to file their annual reports on time, which will also be "fifty-five dollars."

Furthermore, the bill clarifies the responsibilities of the Secretary of State regarding the collection of fees and the processing of documents. It specifies that the Secretary of State must collect a fee each time process is served under this chapter and outlines the penalties for non-compliance with filing requirements. The amendments aim to streamline the fee structure and ensure that the language used in the law is clear and consistent. Overall, the bill reflects a comprehensive update to the fee schedule and filing processes managed by the Secretary of State's office.

Statutes affected:
Introduced, 01/08/2025: 47-1A-122, 47-20-7, 47-28-6, 47-34A-212, 48-7A-1208, 57A-9-528, 57A-9-529