reglab/housing_qa huggingface dataset:
805 ILCS 5/2A.50
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 2A - Close Corporations

 (from Ch. 32, par. 2A.50)Sec. 2A.50.     Shareholders' option to dissolve corporation.(a) The articles of incorporation of any close corporation may include a  provision granting to any shareholder, or to the holders of any specified  number or percentage of shares of any class, an option to have the  corporation dissolved at will or upon the occurrence of any specified event  or contingency. Whenever any such option to dissolve is exercised, the  shareholders exercising such option shall give written notice thereof to  all other shareholders. After the expiration of 30 days following the  sending of such notice, the dissolution of the corporation shall proceed as  if the required number of shareholders having voting power had consented in  writing to dissolution of the corporation.(b) If the articles of incorporation as originally filed do not contain  a provision authorized by subsection (a) of this Section, the articles of  incorporation may be amended to include such provision if adopted,  subsection (d) of Section 10.20 notwithstanding, by the affirmative vote of  the holders of record of all the outstanding shares of each class of the  corporation.(c) Every certificate representing shares issued by a close corporation  of which the articles of incorporation authorize dissolution as permitted  by this Section shall conspicuously note on the face or back thereof the  existence of the provision.  Unless noted conspicuously on the face or back  of the share certificate, the provision shall be ineffective.    (Source: P.A. 86-1328.)
805 ILCS 5/2A.55
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 2A - Close Corporations

 (from Ch. 32, par. 2A.55)Sec. 2A.55.     Dissolution.     Subject to Section 2A.50, the provisions of  Article 12 shall apply to the dissolution of a close corporation.    (Source: P.A. 86-1328.)
805 ILCS 5/2A.60
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 2A - Close Corporations

(805 ILCS 5/2A.60) (from Ch. 32, par. 2A.60)Sec. 2A.60.     Applicability.(a) Any corporation organized and existing under The Close Corporation  Act on the effective date of this amendatory Act of 1990 shall be deemed to  be a close corporation subject to the provisions of this Article.(b) Any corporation which is not a close corporation shall not be  subject to the provisions of this Article nor shall the provisions of this  Article be construed to amend or modify any statute or rule of common law  otherwise applicable to such a corporation.    (Source: P.A. 86-1328.)
805 ILCS 5/Art. 3 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 3 - Purposes And Powers

 ARTICLE 3.      PURPOSES AND POWERS
805 ILCS 5/3.05
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 3 - Purposes And Powers

 (from Ch. 32, par. 3.05)Sec. 3.05.     Purposes.     Corporations for profit may be organized under  this Act for any lawful purpose or purposes, except for the purpose of banking  or insurance; provided, however, that  corporations may be organized under this Act for the purpose of buying,  selling, or otherwise  dealing in notes (not including the discounting of bills and notes and not  including the buying and selling of bills of exchange), open accounts, and  other similar evidences of debt, for the purpose of carrying on the  business  of a syndicate or limited syndicate under Article V-1/2 of the Illinois  Insurance Code, or for the purpose of carrying on business as a member of  a group including incorporated and individual unincorporated underwriters when  the Director of Insurance finds that the group meets the requirements of  subsection (3)  of Section 86 of  the Illinois Insurance Code and the corporations, if insolvent, are  subject  to liquidation by the Director of Insurance under Article XIII  of the Illinois Insurance Code.Medical corporations, as authorized by the Medical  Corporation  Act, may be organized under this Act.Professional Service Corporations, as authorized by the  Professional  Service Corporation Act, may be organized under this Act.    (Source: P.A. 88-535.)
805 ILCS 5/3.15
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 3 - Purposes And Powers

 (from Ch. 32, par. 3.15)Sec. 3.15.     Defense of Ultra Vires.     No act of a corporation and no  conveyance or transfer of  real or personal property to or by a corporation shall be invalid by reason of the  fact that the corporation was without capacity or power to do such act or  to make or receive such conveyance or transfer, but such lack of capacity  or power may be asserted:(a) In a proceeding by a shareholder against the corporation to enjoin  the doing of any act or acts or the transfer of real or personal property  by or to the corporation. If the unauthorized acts or transfer sought to be  enjoined are being, or are to be, performed or made pursuant to any  contract to which the corporation is a party, the court may, if all of the  parties to the contract are parties to the proceeding and if it deems the  same to be equitable, set aside and enjoin the performance of such  contract, and in so doing shall allow to the corporation or the other  parties, as the case may be, compensation for the loss or damage sustained  by either of them which may result from the action of the court in setting  aside and enjoining the performance of such contract, but anticipated  profits to be derived from the performance of the contract shall not be  awarded by the court as a loss or damage sustained.(b) In a proceeding by the corporation, whether acting directly or  through a receiver, trustee, or other legal representative, or through  shareholders in a representative suit, against the officers or directors of  the corporation for exceeding their authority.(c) In a proceeding by the State, as provided in this Act, to dissolve  the corporation, or in a proceeding by the State to enjoin the corporation  from the transaction of unauthorized business.    (Source: P.A. 83-1025.)
805 ILCS 5/3.20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 3 - Purposes And Powers

 (from Ch. 32, par. 3.20)Sec. 3.20.     Unauthorized assumption of corporate powers.     All persons  who assume to exercise corporate powers without authority so to do shall  be jointly and severally liable for all debts and liabilities incurred or  arising as a result thereof.    (Source: P.A. 83-1025.)
805 ILCS 5/3.25
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 3 - Purposes And Powers

(805 ILCS 5/3.25)Sec. 3.25.     Locale misrepresentation.(a) A person shall not advertise or cause to be listed in a telephone  directory an assumed or fictitious business name that intentionally  misrepresents where the business is actually located or operating or falsely  states that the business is located or operating in  the area covered by the telephone directory.  This subsection (a) does not apply to a telephone service provider or  to the publisher or distributor of a telephone service directory, unless the  conduct prescribed in this subsection (a) is on behalf of that telephone  service provider or that publisher or distributor.(b) This Section does not apply to any foreign corporation, the stock of  which is traded on a national stock exchange, that has gross annual revenues in  excess of $100,000,000.(c) A foreign corporation that violates this Section is guilty of a petty  offense and must be fined not less than $501 and not more than $1,000.  A  foreign corporation is guilty of an additional offense for each additional day  in violation of this Section.    (Source: P.A. 91-906, eff. 1-1-01.)
805 ILCS 5/Art. 4 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 4 - Name

 ARTICLE 4.      NAME
805 ILCS 5/4.10
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 4 - Name

 (from Ch. 32, par. 4.10)Sec. 4.10. Reserved name. The exclusive right to the use of a corporate  name or an assumed corporate name, as the case may be, may be reserved by:(a) Any person intending to organize a corporation under this Act.(b) Any domestic corporation intending to change its name.(c) Any foreign corporation intending to make application for authority to transact business in this State.(d) Any foreign corporation authorized to transact business in this State  and intending to change its name.(e) Any person intending to organize a foreign corporation and intending  to have such corporation make application for authority  to transact business in this State.(f) Any domestic corporation intending to adopt an assumed corporate name.(g) Any foreign corporation authorized to transact business in this State  and intending to adopt an assumed corporate name.Such reservation shall be made by filing in the office of the Secretary  of State an application to reserve a specified corporate name or a specified  assumed corporate name, executed by the applicant. If the Secretary of State  finds that such name is available for corporate use, he or she shall reserve  the same for the exclusive use of such applicant for a period of ninety days  or until surrendered by a written cancellation document signed by the  applicant,  whichever is sooner.The right to the exclusive use of a specified corporate name or assumed  corporate name so reserved may be transferred to any other person by filing  in the office of the Secretary of State a notice of such transfer, executed  by the person for whom such name was reserved, and specifying the name and  address of the transferee.The Secretary of State may revoke any reservation if, after a hearing,  he or she finds that the application therefor or any transfer thereof was  made contrary to this Act.  (Source: P.A. 96-66, eff. 1-1-10.)
805 ILCS 5/4.15
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 4 - Name

 (from Ch. 32, par. 4.15)Sec. 4.15. Assumed corporate name.(a) A domestic corporation or a  foreign corporation admitted to transact business or attempting to gain  admission to transact business may elect to adopt an assumed corporate name  that complies with the requirements of paragraphs (2), (3), (4), (5), and (6)  of subsection (a) of Section 4.05 of this Act with respect to corporate names.(b) As used in this Act, "assumed corporate name" means any corporate  name other than the true corporate name, except that the following shall  not constitute the use of an assumed corporate name under this Act:(1) the identification by a corporation of its     business with a trademark or service mark of which it is the owner or licensed user; and(2) the use of a name of a division, not separately     incorporated and not containing the word "corporation", "incorporated", or "limited" or an abbreviation of one of such words, provided the corporation also clearly discloses its corporate name.(c) Before transacting any business in this State under an assumed corporate  name or names, the corporation shall, for each assumed corporate name, pursuant  to resolution by its board of directors, execute and file in duplicate in  accordance with Section 1.10 of this Act, an application setting forth:(1) The true corporate name.(2) The state or country under the laws of which it     is organized.(3) That it intends to transact business under an     assumed corporate name.(4) The assumed corporate name which it proposes to     use.(d) The right to use an assumed corporate name shall be effective from  the date of filing by the Secretary of State until the first day of the  anniversary month of the corporation that falls within the next calendar  year evenly divisible by 5, however, if an application is filed within  the 2 months immediately preceding the anniversary month of a corporation  that falls within a calendar year evenly divisible by 5, the right  to use the assumed corporate name shall be effective until the first day of the  anniversary month of the corporation that falls within the next succeeding  calendar year evenly divisible by 5.(e) A corporation shall renew the right to use its assumed corporate name  or names, if any, within the 60 days preceding the expiration of such  right, for a period of 5 years, by making an election to do so at  the time of filing its annual report form and by paying the renewal fee as  prescribed by this Act.(f) (Blank).(g) A foreign corporation may not use an assumed or fictitious name in the  conduct of its business to intentionally misrepresent the geographic origin or  location of the corporation within Illinois.  (Source: P.A. 100-753, eff. 1-1-19.)
805 ILCS 5/4.20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 4 - Name

 (from Ch. 32, par. 4.20)Sec. 4.20. Change and cancellation of assumed corporate name.(a) Any domestic or foreign corporation may, pursuant to resolution by  its board of directors, change or cancel any or all of its assumed  corporate names by executing and filing, in accordance with Section 1.10 of  this Act, an application setting forth:(1) The true corporate name.(2) The state or country under the laws of which it     is organized.(3) That it intends to cease transacting business     under an assumed corporate name by changing or cancelling it.(4) The assumed corporate name to be changed from or     cancelled.(5) If the assumed corporate name is to be changed,     the assumed corporate name that the corporation proposes to use.(b) Upon the filing of an application to change an assumed corporate  name, the corporation shall have the right to use the assumed corporate  name for the balance of the period authorized by subsection (d) of  Section 4.15.(c) The right to use an assumed corporate name shall be cancelled by the  Secretary of State:(1) If the corporation fails to renew an assumed     corporate name.(2) If the corporation has filed an application to     change or cancel an assumed corporate name.(3) If a domestic corporation has been dissolved.(4) If a foreign corporation has had its authority to     do business in this State revoked. (Source: P.A. 96-66, eff. 1-1-10.)
805 ILCS 5/4.25
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 4 - Name

(805 ILCS 5/4.25) (from Ch. 32, par. 4.25)Sec. 4.25.     Registered name of foreign corporation.     Any foreign corporation  not transacting business in this State and not authorized to transact business  in this State may register its corporate name, provided its corporate name  is available for use as determined by the Secretary of State in accordance  with the provisions of this Act.(a) Such registration shall be made by (1) executing and filing in accordance  with Section 1.10 of this Act:(i) an application for registration, stating the name of  the corporation, the State or place under the laws of which it is incorporated,  the date of its incorporation, a brief statement of the business in which  it is engaged or plans to engage, the post-office address of the  corporation to which the Secretary of State may mail notices as required or  permitted by this Act, and that it desires to register its name  under this Section; and (ii) a certificate setting forth that such corporation  is in good standing under the laws of the State or place wherein it is  organized  executed by the Secretary of State of such State or by such other public  official as may have custody of the records pertaining to corporations;  and (2) paying to the Secretary of State the fee prescribed by this Act.(b) Such registration shall be effective from the date of filing by the  Secretary of State until the first day of the 12th month following such date.(c) Such registration may be renewed from year to year by filing an  application  for renewal setting forth the facts required in an original application  for registration and a certificate of good standing as required for the  original registration and by paying the fee prescribed by this Act within  60 days immediately preceding the first day of the 12th month following  the date of filing the original registration or prior renewal.  Such renewal  shall extend the registration for 12 months, to expire on the first day  of the month in which the original registration was filed the next year.(d) Any foreign corporation which has in effect a registration of its  corporate name may cancel such registration at any time by filing an application  for cancellation in the same manner and setting forth the same facts required  to be set forth in an original registration and paying the fee prescribed by this Act.(e) The Secretary of State may cancel any registration if, after a hearing, he or she  finds that the application therefor or any renewal thereof was made  contrary to this Act.     (Source: P.A. 84-924.)
805 ILCS 5/Art. 5 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 5 - Office And Agent

 ARTICLE 5.      OFFICE AND AGENT
805 ILCS 5/5.05
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 5 - Office And Agent

 (from Ch. 32, par. 5.05)Sec. 5.05. Registered office and registered agent. Each domestic corporation and each foreign corporation having authority to  transact business in this State shall have and  continuously maintain in this State:(a) A registered office which may be, but need not     be, the same as its place of business in this State.(b) A registered agent, which agent may be either an     individual, resident in this State, whose business office is identical with such registered office, or a domestic or foreign corporation, limited liability company, limited partnership, or limited liability partnership authorized to transact business in this State that is authorized by its statement of purpose to act as such agent, having a business office identical with such registered office.(c) The address, including street and number, or     rural route number, of the initial registered office, and the name of the initial registered agent of each corporation organized under this Act shall be stated in its articles of incorporation; and of each foreign corporation shall be stated in its application for authority to transact business in this State.In the event of dissolution of a corporation, either  voluntary, administrative, or judicial, the registered agent and the registered  office of the corporation on record with the Secretary of State on the date  of the issuance of the certificate or judgment of dissolution shall be an  agent of the corporation upon whom claims can be served or service of process  can be had during the 5-year, post-dissolution period provided in Section  12.80 of this Act, unless such agent resigns or the corporation properly  reports a change of registered office or registered agent.In the event of revocation of the authority of  a foreign corporation to transact business in this State,  the registered agent and the registered office of the corporation on record  with the Secretary of State on the date of the issuance of the certificate  of revocation shall be an agent of the corporation upon whom claims can  be served or service of process can be had, unless such agent resigns.  (Source: P.A. 96-988, eff. 7-2-10; 97-333, eff. 8-12-11.)
805 ILCS 5/5.10
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 5 - Office And Agent

 (from Ch. 32, par. 5.10)Sec. 5.10. Change of registered office or registered agent.(a) A domestic corporation or a foreign corporation may from time to  time  change the address of its registered office.  A domestic corporation or a foreign corporation  shall change its registered agent if the office of registered agent shall  become vacant for any reason, or if its registered agent becomes disqualified  or incapacitated to act, or if the corporation revokes the appointment of  its registered agent.(b) A domestic corporation or a foreign corporation may change the address  of its registered office or change its registered agent, or both, by executing  and filing,  in duplicate, in accordance with Section 1.10 of this Act a statement setting  forth:(1) The name of the corporation.(2) The address, including street and number, or     rural route number, of its then registered office.(3) If the address of its registered office be     changed, the address, including street and number, or rural route number, to which the registered office is to be changed.(4) The name of its then registered agent.(5) If its registered agent be changed, the name of     its successor registered agent.(6) That the address of its registered office and the     address of the business office of its registered agent, as changed, will be identical.(7) That such change was authorized by resolution     duly adopted by the board of directors.(c) (Blank).(d) (Blank).(e) The change of address of the registered office, or the change of  registered  agent, or both, as the case may be, shall become effective upon the filing  of such statement by the Secretary of State.  (Source: P.A. 96-1121, eff. 1-1-11.)
805 ILCS 5/5.15
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 5 - Office And Agent

 (from Ch. 32, par. 5.15)Sec. 5.15. Resignation of registered agent.(a) A registered agent  may at any time resign by filing in the office of the Secretary of State  written notice thereof, and by mailing a copy thereof to the corporation  at its principal office as such is known to said resigning agent, such notice  to be mailed at least 10 days prior to the date of filing thereof with the  Secretary of State.(b) The notice shall set forth:(1) The name of the corporation for which the     registered agent is acting.(2) The name of the registered agent.(3) The address, including street and number, or     rural route number, of the corporation's then registered office in this State.(4) That the registered agent resigns.(5) The effective date thereof which shall not be     less than 30 days after the date of filing.(6) The address of the principal office of the     corporation as such is known to the registered agent.(7) A statement that a copy of this notice has been     sent to the principal office within the time and in the manner prescribed by this Section.(c) Such notice shall be executed by the registered agent, if an individual,  or, if a business entity, in the manner authorized by the governing statute.  (Source: P.A. 96-988, eff. 7-2-10.)