Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
State of Minnesota
S.F. No. 1476 - Secretary of State Business Fees and Filings
Author: Senator Melisa Franzen
Prepared By:
Date: March 16, 2015


Section 1 amends the filing fee for federal tax liens and other federal liens to eliminate the $15 fee for each additional name beyond two debtors.

Section 2 amends filing requirements for a foreign corporation whose certificate of authority to do business is revoked or cancelled. Instead of filing an application for reinstatement, a foreign corporation could reinstate its authority by filing an annual renewal and the required fee. If information in the original application has changed, an amended certificate must be filed.

Sections 3 to 5 amend filing requirements applicable to public benefit corporations

Section 3 requires a public benefit corporation to file a report before April 1, rather than no later than 90 days after conclusion of each calendar year.

Section 4 amends the effect of a failure to file an annual benefit report, consistent with the date changes in section 3.

Section 5 amends the effect of revocation and reinstatement by a public benefit corporation to add a reference to termination of status. The public benefit corporation must amend its articles to reflect a name change that complies with the general business corporation law and does not include the public benefit corporation designation.

Section 6 provides that the duration of a corporation that has public benefit status terminated or revoked and fails to file the change of name automatically expires 30 days after termination or revocation.

Section 7 modifies procedures governing inquiries regarding farm product liens and financing statements maintained by the secretary of state. A reference to oral inquiries is changed to online inquiries, which may be submitted at any time. The secretary of state must make a prompt response to the inquiry. References to filing office are changed to the secretary of state, consistent with the definition under current law.

Check on the status of this bill
Back to Senate Counsel and Research Bill Summaries page

This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
Last review or update: 03/16/2015
If you see any errors on this page, please e-mail us at