Illinois Statutes
§ 61 — Grounds for administrative dissolution
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 317/ Limited Worker Cooperative Association Act.
The Secretary of State may dissolve any limited worker cooperative association administratively if:
(1)it has failed to file its annual report and pay its fee as required by this Act before the first day of the anniversary month or has failed to pay any required fees, penalties, or charges;
(2)it has failed to file in the Office of the Secretary of State any report after the expiration of the period prescribed for filing the report;
(3)it has misrepresented any material matter in any application, report, affidavit, or other document submitted by the limited worker cooperative association;
(4)it has failed to appoint and maintain a registered agent in Illinois;
(5)a director or member to whom interrogatories have been propounded by the Secretary of State as provided in Section 5-60 of
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Legislative History
(Source: P.A. 102-351, eff. 8-13-21.)