Illinois § 112.25 Revocation of Dissolution

Illinois Statutes

§ 112.25 — Revocation of Dissolution

Illinois § 112.25

JurisdictionIllinois

TopicBUSINESS AND EMPLOYMENT

Ch. 805BUSINESS ORGANIZATIONS

Act 805 ILCS 105/General Not For Profit Corporation Act of 1986.

Art.Article 12 - Dissolution

This text of Illinois § 112.25 (Revocation of Dissolution) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

805 Ill. Comp. Stat. 112.25 (2026).

Text

(a)A corporation may revoke its dissolution within 60 days of its effective date if the corporation has not begun to distribute its assets or has not commenced a proceeding for court supervision of its winding up under Section 112.50 of this Act.

(b)The corporation's board of directors may revoke the dissolution without action by members entitled to vote on dissolution.

(c)Within 60 days after the dissolution has been revoked by the corporation, articles of revocation of dissolution shall be executed and filed in duplicate in accordance with Section 101.10 of this Act and shall set forth:

(1)The name of the corporation;

(2)The effective date of the dissolution that was revoked;

(3)A statement that the corporation has not begun to distribute its assets nor has it commenced a proceedin

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(a) A corporation may revoke its dissolution within 60 days of its effective date if the corporation has not begun to distribute its assets or has not commenced a proceeding for court supervision of its winding up under Section 112.50 of this Act. (b) The corporation's board of directors may revoke the dissolution without action by members entitled to vote on dissolution. (c) Within 60 days after the dissolution has been revoked by the corporation, articles of revocation of dissolution shall be executed and filed in duplicate in accordance with Section 101.10 of this Act and shall set forth: (1) The name of the corporation; (2) The effective date of the dissolution that was revoked; (3) A statement that the corporation has not begun to distribute its assets nor has it commenced a proceeding for court supervision of its winding up; (4) The date the revocation of dissolution was authorized; (5) A statement that the corporation's board of directors revoked the dissolution. (d) When the provisions of this Section have been complied with, the Secretary of State shall file the articles of revocation of dissolution. Failure to file the revocation of dissolution as required in subsection (c) hereof shall not be grounds for the Secretary of State to reject the filing, but the corporation filing beyond the time period shall pay a penalty as prescribed by this Act. (e) The revocation of dissolution is effective on the date of the filing of the articles thereof by the Secretary of State and shall relate back and take effect as of the date of dissolution and the corporation may resume conducting affairs as if dissolution had never occurred.