35-1-1207. License fee. (1) In addition to the filing fee authorized by 35-1-1206, the secretary of state shall charge and collect from each domestic corporation a license fee based upon the number of shares that it will have authority to issue at the time of:
     (a) filing its articles of incorporation;
     (b) filing articles of amendment increasing the number of authorized shares; and
     (c) filing articles of merger or consolidation increasing the number of authorized shares that the surviving or new corporation, if a domestic corporation, will have authority to issue above the aggregate number of shares that the constituent domestic corporations and constituent foreign corporations authorized to transact business in this state have authority to issue.
     (2) The license fee for domestic corporations is as follows:
     (a) 1 to 50,000 shares........$ 50
     (b) 50,001 to 100,000 shares........100
     (c) 100,001 to 250,000 shares........250
     (d) 250,001 to 500,000 shares........400
     (e) 500,001 to 1,000,000 shares........600
     (f) over 1,000,000 shares........1,000
     (3) If the domestic corporation is increasing the number of authorized shares either by amendment or by merger, the domestic corporation shall pay the difference in license fee between the fee based on the initial number of authorized shares and the amended number of shares.
     (4) In addition to the filing fee authorized by 35-1-1206, the secretary of state shall charge and collect from each foreign corporation a license fee of $100 at the time of filing an application for a certificate of authority to transact business.

     History: En. Sec. 8, Ch. 368, L. 1991; amd. Sec. 13, Ch. 229, L. 1999.