§ 4-204

If the Secretary of State has dissolved or revoked the authority of any domestic or foreign company regulated under this Act to do business in Illinois because that company has not paid a franchise tax, license fee, filing fee, or penalty required under the Business Corporation Act of 1983 or under any other Illinois statute governing the formation or organization of domestic or foreign corporations, limited liability companies, partnerships, associations, or other organizations, then the franchise, license, permit, or right to engage in any business required under this Act shall be suspended by operation of law until such time within a one-year period after the date of suspension as the delinquent franchise tax, license fee, filing fee, or penalty is paid and revoked by operation of law for failure to pay the delinquent franchise tax, license fee, filing fee, or penalty within the one-year suspension period.

Legislative History

(Source: P.A. 100-840, eff. 8-13-18.)