Sec. B-134. 13-C MRSA §1621, sub-§4, as enacted by PL 2001, c. 640, Pt. A, §2 and affected by Pt. B, §7, is amended to read:

4. Certificate of excuse. The Secretary of State, upon application by any domestic corporation and satisfactory proof that it has ceased to transact business and that it is not indebted to this State for failure to file an annual report and to pay any fees or penalties accrued, shall file a certificate of the fact and shall give a duplicate certificate to the domestic corporation, after which the corporation is excused from filing annual reports with the Secretary of State, so as long as the domestic corporation in fact transacts no business. The name of a corporation remains in the Secretary of State's records of corporate names and is protected for a period of 5 years following excuse.

Sec. B-135. 13-C MRSA §1623 is enacted to read:

§1623.__Amended annual report of domestic or foreign corporations

1.__Amended annual report.__If the information contained in an annual report filed under section 1621 has changed, a domestic or foreign corporation may, if it determines necessary, deliver to the Secretary of State for filing an amended annual report to change the information on file.__The amended annual report must be executed as provided by section 121, subsection 5.

2.__Contents. The amended annual report under subsection 1 must set forth:

A.__The name of the domestic corporation or foreign corporation and the jurisdiction of its incorporation;

B.__The date on which the original annual report was filed; and

C.__The information that has changed and the date on which it changed.

3.__Period for filing.__An amended annual report under subsection 1 may be filed by the domestic corporation or foreign