Notice of Legislative Change from The California Secretary of State
Assembly Bill 55 effective January 1, 2003 amends the California Corporations Code sections 1502 and 2117,
changing the filing requirements for statements of information filed by domestic stock and foreign corporations from biennial
to annual. In addition, all publicly traded companies must include supplementary information required by Corporations Code
sections 1502 and 2117 as amended.
Under the laws effective through, December 31, 2002, some corporations may not have been required to file a statement in
2003. However, effective January 1, 2003, all domestic stock and foreign corporations are required to file the statement
annually during the applicable filing period. The applicable filing period is by the end of the calendar month of the
corporation's original date of incorporation or qualification and the immediately preceding five months.
Any initial statement of information filed on behalf of a domestic stock corporation, and any annual statement of information
filed on behalf of a domestic stock or foreign corporation, on or after January 1, 2003 must be accompanied by a $20.00
filing fee and a $5.00 disclosure fee. All domestic stock and foreign corporations must pay a total of $25.00 at the time of
filing the initial or annual statement.
New statement forms will be added as soon as they become available. The new forms may not be filed prior to January 1, 2003.
After January 1, 2003, all domestic stock and foreign corporations must utilize the new form. All newly formed domestic
stock corporations will receive the new form at the time of incorporation. All existing domestic stock and foreign
corporations will receive the new form in their regular mailing.
The legislative changes discussed here are not applicable to statements for domestic nonprofit corporations.
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