reglab/housing_qa huggingface dataset:
805 ILCS 5/12.40
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.40)Sec. 12.40. Procedure for administrative dissolution.(a) After the  Secretary of State determines that one or more grounds exist under Section  12.35 for the administrative dissolution of a corporation, he or she shall  send by regular mail to each delinquent corporation a Notice of Delinquency  to its registered office, or, if the corporation has failed to maintain  a registered office, then to the president or other principal officer at  the last known office of said officer.(b) If the corporation does not correct the default  described in paragraphs (a) through (e) of Section 12.35  within 90 days following  such notice, the Secretary of State shall thereupon dissolve the corporation  by issuing a certificate of dissolution that recites the ground or grounds  for dissolution and its effective date.  If the corporation does not correct the default described in paragraphs (f)  through (h) of  Section 12.35, within 30 days following such notice, the Secretary of State  shall  thereupon dissolve the corporation by issuing a certificate of dissolution as  herein  prescribed.  The Secretary of State shall file  the original of the certificate in his or her office and mail one copy to the  corporation at its registered office or,  if the corporation has failed to maintain a registered office, then to  the president or  other principal officer at the last known office of said officer.(c) The administrative dissolution of a corporation terminates its corporate  existence and such a dissolved corporation shall not thereafter carry on  any business, provided however, that such a dissolved corporation may take  all action authorized under Section 12.75 or as otherwise necessary or appropriate to wind up and liquidate  its business and affairs under Section 12.30.  (Source: P.A. 98-776, eff. 1-1-15.)
805 ILCS 5/12.43
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

Sec. 12.43. Administrative dissolution; corporate name. The Secretary of State shall not allow another corporation or limited liability company to use the name of a domestic corporation that has been administratively dissolved until 3 years have elapsed following the date of issuance of the  certificate of dissolution. If the domestic corporation that has been administratively dissolved is reinstated within 3 years after the date of issuance of the  certificate of dissolution, the domestic corporation shall continue under its previous name without impacting its continuous legal status, unless the corporation petitions to change its name upon reinstatement.  (Source: P.A. 100-486, eff. 1-1-18.)
805 ILCS 5/12.45
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.45)Sec. 12.45. Reinstatement following administrative dissolution.(a) A domestic corporation administratively dissolved under Section 12.40  may  be reinstated by the Secretary of State following the  date of issuance of the certificate of dissolution upon:(1) The filing of an application for reinstatement.(2) The filing with the Secretary of State by the     corporation of all reports then due and theretofore becoming due.(3) The payment to the Secretary of State by the     corporation of all fees, franchise taxes, and penalties then due and theretofore becoming due.(b) The application for reinstatement shall be executed and filed in  duplicate in accordance with Section 1.10 of this Act and shall set forth:(1) The name of the corporation at the time of the     issuance of the certificate of dissolution.(2) If such name is not available for use as     determined by the Secretary of State at the time of filing the application for reinstatement, the name of the corporation as changed, provided however, and any change of name is properly effected pursuant to Section 10.05 and Section 10.30 of this Act.(3) The date of the issuance of the certificate of     dissolution.(4) The address, including street and number, or     rural route number of the registered office of the corporation upon reinstatement thereof, and the name of its registered agent at such address upon the reinstatement of the corporation, provided however, that any change from either the registered office or the registered agent at the time of dissolution is properly reported pursuant to Section 5.10 of this Act.(c) When a dissolved corporation has complied with the provisions of this Section   the Secretary of State shall file the application for reinstatement.(d) Upon the filing of the application for reinstatement, the corporate  existence for all purposes shall be deemed to have continued without interruption from the  date of the issuance of the certificate of dissolution, and the corporation  shall stand revived with such powers, duties and obligations as if it had  not been dissolved; and all acts and proceedings of its shareholders, directors, officers, employees, and agents, acting or purporting to act in that capacity, and which would have  been legal and valid but for such dissolution, shall stand ratified and  confirmed.(e) Without limiting the generality of subsection (d), upon the filing of the application for reinstatement, no shareholder, director, or officer shall be personally liable, under Section 8.65 of this Act or otherwise, for the debts and liabilities of the corporation incurred during the period of administrative dissolution by reason of the fact that the corporation was administratively dissolved at the time the debts or liabilities were incurred. (Source: P.A. 98-776, eff. 1-1-15.)
805 ILCS 5/12.50
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.50)Sec. 12.50. Grounds for judicial dissolution in actions by nonshareholders.(a) A Circuit Court may dissolve a corporation:(1) In an action by the Attorney General, if it is     established that:(i) The corporation filed its articles of         incorporation through fraud; or(ii) The corporation has continued to exceed or         abuse the authority conferred upon it by law, or has continued to violate the law, after notice of the same has been given to such corporation, either personally or by registered mail; or(iii) Any interrogatory propounded by the         Secretary of State to the corporation, its officers or directors, as provided in this Act, has been answered falsely or has not been answered fully within 30 days after the mailing of such interrogatories by the Secretary of State or within such extension of time as shall have been authorized by the Secretary of State.(2) In an action by a creditor, if it is established     that:(i) The creditor's claim has been reduced to         judgment, a copy of the judgment has been returned unsatisfied, and the corporation is insolvent; or(ii) The corporation has admitted in writing that         the creditor's claim is due and owing, and the corporation is insolvent.(3) In an action by the corporation to dissolve under     court supervision, if it is established that dissolution is reasonably necessary because the business of the corporation can no longer be conducted to the general advantage of its shareholders.(b) As an alternative to dissolution, the court may order any of the other  remedies contained in subsection (b) of Section 12.55.  (Source: P.A. 96-66, eff. 1-1-10.)
805 ILCS 5/12.55
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.55)Sec. 12.55.     Shareholder remedies: public corporations.(a) In an action by a shareholder of a corporation that has  shares listed on a national securities exchange or regularly  traded in a market maintained by one or more members of a  national or affiliated securities association, the Circuit Court  may order one or more of the remedies listed in subsection (b) if  it is established that:(1) The directors are deadlocked, whether because of     even division in the number of directors or because of greater than majority voting requirements in the articles of incorporation or the by-laws, in the management of the corporate affairs; the shareholders are unable to break the deadlock; and either irreparable injury to the corporation is thereby caused or threatened or the business of the corporation can no longer be conducted to the general advantage of the shareholders; or(2) The directors or those in control of the     corporation have acted, are acting, or will act in a manner that is illegal, oppressive or fraudulent with respect to the petitioning shareholder; or(3) The corporate assets are being misapplied or     wasted.(b) In an action under subsection (a), the court may order  the following relief:(1) The appointment of a custodian to manage the     business and affairs of the corporation to serve for the term and under the conditions prescribed by the court;(2) The appointment of a provisional director to     serve for the term and under the conditions prescribed by the court; or(3) The dissolution of the corporation.(c) The court, at any time during the pendency of the action and  upon  the motion of the complaining shareholder, may order  the corporation to purchase the shares of the petitioning  shareholder at  a fair price determined by the court, with or without the assistance of  appraisers, and payable in cash or in installments and with or without such  security other than personal commitments of other shareholders as the court may  direct.(d) Either the corporation or any shareholder or group of  shareholders  may, any time after the filing of an action for dissolution pursuant to  subdivision (b)(3), petition the court  to purchase the shares  of a complaining shareholder and, unless the court finds such procedure to  be inequitable, the court shall determine the fair value of the shares as  of such date as the court finds equitable.  In so doing, the court shall  follow the procedures set forth for appraisal of shares under Section 11.70  and shall thereafter dismiss the action.(e) Nothing in this Section limits the equitable powers of the court to  order other relief.    (Source: P.A. 89-169; eff. 7-19-95; 89-364, eff. 8-18-95; 89-626, eff.  8-9-96.)
805 ILCS 5/12.65
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.65)Sec. 12.65. Order of dissolution.(a) If, after a hearing, the court orders dissolution pursuant to Section  12.50, 12.55, or 12.56, it shall enter an order dissolving the corporation and  the clerk of the court shall deliver a certified copy of the order to the  Secretary of State, who shall file the order.(b) After entering the order of dissolution, the court shall direct the  winding up and liquidation of the corporation's business and affairs in  accordance with Section 12.30 and the notification of its known claimants  in accordance with Section 12.75 and shall retain jurisdiction until the  same is complete.  (Source: P.A. 96-1121, eff. 1-1-11.)
805 ILCS 5/12.70
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.70)Sec. 12.70. Deposit of amount due certain shareholders. Upon the distribution of the assets of a corporation among its  shareholders, the distributive portion to which a shareholder would be  entitled who is unknown or cannot be found, or who is under disability and  there is no person legally competent to receive such distributive portion,  shall be presumed abandoned and reported and delivered to the State  Treasurer and become subject to the provision of the Revised Uniform   Unclaimed Property Act. In the event such distribution is   made other than in cash, such distributive portion of the assets shall be  reduced to cash before being so reported and delivered.  (Source: P.A. 100-22, eff. 1-1-18.)
805 ILCS 5/12.75
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.75)Sec. 12.75.     Known claims against dissolved corporation.     (a) A dissolved  corporation may bar any known claim against it, its directors, officers,  employees or agents, or its shareholders or their transferees, by following  the procedures set forth in subsections (b) and (c) of this Section.A claimant that does not deliver its claim by the deadline established  pursuant to subsection (b) or that does not file suit by the deadline  established pursuant to subsection (c) shall have no further rights against  the dissolved corporation, its directors, officers, employees or agents, or  its shareholders or their transferees.(b) Within 60 days from the effective date of dissolution, the dissolved  corporation shall send a notification to the claimant setting forth the  following information:(1) The corporation has been dissolved and the effective date thereof.(2) The mailing address to which the claimant must send its claim and  the essential information to be submitted with the claim.(3) The deadline, not less than 120 days from the effective date of  dissolution, by which the dissolved corporation must receive the claim.(4) A statement that the claim will be barred if not received by the deadline.(c) If, after complying with the procedure in subsection (b), the  dissolved corporation rejects the claim in whole or in part, the dissolved  corporation shall notify the claimant of such rejection and shall also  notify the claimant that the claim shall be barred unless the claimant  files suit to enforce the claim within a deadline not less than 90 days  from the date of the rejection notice.(d) For purposes of this Section, "claim" does not include any contingent  liability or a claim arising after the effective date of dissolution or a  claim arising from the failure of the corporation to pay any tax, penalty,  or interest related to any tax or penalty.(e) This Section shall not apply to claims arising out of violations  of the criminal law.    (Source: P.A. 85-1344.)
805 ILCS 5/12.80
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

 (from Ch. 32, par. 12.80)Sec. 12.80. Survival of remedy after dissolution. The dissolution  of a corporation either (1) by filing articles of dissolution in accordance  with Section 12.20 of this Act, (2) by the issuance of a  certificate of dissolution in accordance with Section 12.40 of this Act, (3) by  a judgment  of dissolution by a circuit court of this State, or (4) by  expiration of  its period of duration, shall not take away nor impair any civil remedy  available to or against such corporation, its directors, or shareholders,  for any right or claim existing, or any liability accrued or incurred, either prior to, at the time of, or after such  dissolution if action or other proceeding thereon is commenced within five  years after the date of such dissolution.  Any such action or proceeding by  or against the corporation may be prosecuted or defended by the corporation  in its corporate name. This provision does not extend any applicable statute of limitations.   (Source: P.A. 98-776, eff. 1-1-15.)
805 ILCS 5/12.85
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 12 - Dissolution And Remedies

(805 ILCS 5/12.85) (from Ch. 32, par. 12.85)Sec. 12.85.     Criminal prosecution of dissolved corporation.     The  dissolution of a corporation either (1) by the issuance of a certificate of  dissolution by the Secretary of State, or (2) by a judgment of dissolution  by a circuit court of this State, or (3) by expiration of its period of  duration, shall not: (a) Prohibit the State from prosecuting said  corporation criminally by indictment, information or complaint filed  subsequent to its dissolution for any offenses committed prior to  dissolution; or (b) Abate or suspend a criminal proceeding which is pending  against the corporation on the effective date of dissolution.    (Source: P.A. 85-1344.)
805 ILCS 5/Art. 13 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 ARTICLE 13.      FOREIGN CORPORATIONS
805 ILCS 5/13.05
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 (from Ch. 32, par. 13.05)Sec. 13.05.     Admission of foreign corporation.     Except as provided in Article V of the Illinois Insurance Code, a foreign  corporation organized for profit, before it transacts business  in this State, shall procure authority so to do from the  Secretary of State. A foreign corporation  organized for profit,  upon  complying with the provisions of this Act, may secure from the Secretary  of State the authority to transact business in this  State, but  no foreign corporation shall be entitled to procure  authority under this Act to act as trustee, executor, administrator,  administrator to collect, or guardian, or in any other like  fiduciary capacity in this State or to transact in this State the business  of banking, insurance, suretyship, or a business of the character of a  building and loan corporation.  A foreign professional  service corporation may secure authority to transact  business  in this State from the Secretary of State upon complying with this Act and  demonstrating compliance with the Act regulating the professional service  to be rendered by the professional service corporation.  However, no foreign professional service corporation shall be granted authority unless it complies with the requirements of the  Professional Service Corporation Act concerning ownership and control by  specified licensed professionals.  These professionals must be licensed in the  state of domicile or this State.  A foreign corporation  shall not be denied authority by reason of the fact that  the  laws of the state  under which such corporation is organized governing its organization and  internal affairs differ from the laws of this State, and nothing in this  Act contained shall be construed to authorize this State to regulate the  organization or the internal affairs of such corporation.    (Source: P.A. 91-593, eff. 8-14-99; 92-33, eff. 7-1-01.)
805 ILCS 5/13.10
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 (from Ch. 32, par. 13.10)Sec. 13.10.     Powers of foreign corporation.     No foreign corporation shall transact in this State any business which a  corporation organized under the laws of this State is not permitted to  transact. A foreign corporation which shall have received  authority to transact business under this Act shall, until a certificate of  revocation has been issued or an application for  withdrawal shall have been filed as provided in this Act, enjoy  the same,  but no greater, rights and privileges as a domestic corporation organized  for the purposes set forth in the application pursuant to which such authority  is granted; and, except as in  Section 13.05 otherwise  provided with respect to the organization and internal affairs of a foreign  corporation and except as elsewhere in this Act otherwise  provided, shall be subject to the same duties, restrictions, penalties, and  liabilities now or hereafter imposed upon a domestic corporation of like  character.    (Source: P.A. 92-33, eff. 7-1-01.)
805 ILCS 5/13.20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 (from Ch. 32, par. 13.20)Sec. 13.20.     Effect of authority.     Upon the filing of the application for  authority by the Secretary of  State, the corporation shall have the right to transact business in this  State for those purposes set forth in its application, subject, however, to  the right of this State to revoke such right to transact business in this  State as provided in this Act.    (Source: P.A. 92-33, eff. 7-1-01.)
805 ILCS 5/13.25
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 (from Ch. 32, par. 13.25)Sec. 13.25.     Change of name by foreign corporation.     Whenever a foreign corporation which is admitted to transact business in  this State shall change its name to one under which  authority to transact business in this State would not be granted to it on  application therefor, the authority of such corporation to transact  business in this State shall be suspended and it shall not thereafter  transact any business in this State until it has changed its name to a name  which is available to it under the laws of this State or until it has adopted  an assumed corporate name in accordance with Section 4.15 of this Act.    (Source: P.A. 92-33, eff. 7-1-01.)
805 ILCS 5/13.30
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 (from Ch. 32, par. 13.30)Sec. 13.30.     Amendment to articles of incorporation of foreign corporation.     Each foreign corporation authorized to transact business in this State,  whenever its articles of incorporation are amended, shall forthwith file in  the office of the Secretary of State a copy of such amendment duly  authenticated by the proper officer of the State or country under the laws  of which such corporation is organized; but the filing thereof shall not of  itself enlarge or alter the purpose or purposes which such corporation is  authorized to pursue in the transaction of business in this State, nor  authorize such corporation to transact business in this State under any  other name than the name set forth in its application for authority, nor  extend the duration of its corporate existence.    (Source: P.A. 92-33, eff. 7-1-01.)
805 ILCS 5/13.35
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 13 - Foreign Corporations

 (from Ch. 32, par. 13.35)Sec. 13.35.         Merger of foreign corporation authorized to transact business in  this state.  Whenever a foreign corporation authorized to transact business in this  State shall be a party to a statutory merger permitted by the laws of the  state or country under which it is organized, and such corporation shall be  the surviving corporation, it shall forthwith file with the Secretary of  State a copy of the articles of merger duly authenticated by the proper  officer of the state or country under the laws of which such statutory  merger was effected; and it shall not be necessary for such corporation to  procure either new or amended authority to  transact  business in this State unless the name of such corporation or the duration  of its corporate existence be changed thereby or unless the corporation  desires to pursue in this State other or additional purposes than those  which it is then authorized to transact in this State.    (Source: P.A. 92-33, eff. 7-1-01.)