Registered agents; directing the Secretary of State to collect and disburse registration fee. Effective date.

SB 580 transfers the responsibility for collecting and disbursing the annual $100 registered agent fee from the Oklahoma Tax Commission Secretary of State to the Secretary of State. This bill directly affects all corporations in Oklahoma that use registered agents for legal service of process. The key provision modifies Oklahoma Statute 18 O.S. 2021, Section 1142 to require the Secretary of State to collect the fee on July 1st annually, with unpaid fees leading to suspension of the corporation's charter, and directs all collected fees to the General Revenue Fund. The bill does not change the fee amount or the requirement for corporations to maintain a registered agent.