§ 112.35 — Grounds for administrative dissolution

Illinois § 112.35

• Jurisdiction: Illinois
• Topic: BUSINESS AND EMPLOYMENT
• Ch. 805: BUSINESS ORGANIZATIONS
• Act 805 ILCS 105/: General Not For Profit Corporation Act of 1986.
• Art.: Article 12 - Dissolution

Text

The Secretary of State may dissolve any corporation administratively if: (a) It has failed to file its annual report as required by this Act before the first day of the anniversary month of the corporation of the year in which such annual report becomes due; (b) It has failed to file in the office of the Secretary of State any report after the expiration of the period prescribed in this Act for filing such report; (c) It has failed to pay any fees or charges prescribed by this Act; (d) It has failed to appoint and maintain a registered agent in this State; (e) It has misrepresented any material matter in any application, report, affidavit, or other document filed by the corporation pursuant to this Act; (f) The Secretary of State receives notification from a local liquor commissioner, pursuant to Section 4-4(3) of "The Liquor Control Act of 1934," as now or hereafter amended, that an organization incorporated under this Act and functioning as a club has violated that Act by selling or offering for sale at retail alcoholic liquors without a retailer's license; or (g) It has failed to elect and maintain at least 3 directors in accordance with Section 108.10 of this Act.

Legislative History

(Source: P.A. 99-608, eff. 7-22-16.)