2023 Illinois Compiled Statutes › Chapter 805 - BUSINESS ORGANIZATIONS › 805 ILCS 20/ - Dissolution of Corporations Act.

(805 ILCS 20/0.01) (from Ch. 32, par. 189h)
Sec. 0.01. 
		Short title. 
		This Act may be cited as the
Dissolution of Corporations Act.
(Source: P.A. 86-1324.)
(805 ILCS 20/1) (from Ch. 32, par. 190)
Sec. 1. 
		
		That whenever the board of directors, managers,
trustees or officers of any corporation existing by virtue of any general
or special law of this state, or any corporation hereafter organized by
virtue of any law of this state, has ceased to do business as a
corporation, or has discontinued the exercise of corporate functions, such
corporation shall be deemed to have abandoned its corporate franchises and
it shall be lawful for the Attorney General to institute proceedings,
either in the Circuit Court of Sangamon County or in the Circuit Court of
such other county in this state as to him may seem best for the dissolution
of such corporation.
(Source: Laws 1895, p. 130.)
(805 ILCS 20/2) (from Ch. 32. par. 191)
Sec. 2. 
		
		Such proceedings shall be commenced by filing in such court a complaint
stating the
name and date of the organization of such corporation, the location of its
principal office and the names of its directors, managers, trustees or
officers, if known; that it has ceased to do business as a corporation, and
has discontinued the exercise of corporate functions, and praying for its
dissolution.
(Source: P.A. 79-1365.)
(805 ILCS 20/3) (from Ch. 32, par. 192)
Sec. 3. 
		
		In proceedings under this Act, summons shall issue and be
served as in other civil actions, except that service shall be had in the
county in which the principal office of such corporation is by its charter
located.  If process is returned not found, the Attorney General shall
cause publication to be made as in other civil actions in a newspaper of
general circulation published in the county where the principal office of
such corporation is located.  The publication shall contain a notice of the
pendency of such action, the title of the court, the title of the case, and
the date on or after which default may be entered.  The Attorney General
may include in one notice the names of any number of corporations against
which actions are then pending in the same court.  The Attorney General
shall cause a copy of such notice to be mailed to the corporation at its
registered office within 10 days after the first publication thereof.  The
certificate of the Attorney General of the mailing of such notice shall be
prima facie evidence thereof.  Such notice shall be published at least once
each week for two consecutive weeks and the first publication thereof may
begin at any time after summons has been returned.  Unless a corporation
shall have been served with summons, no default shall be taken against it
earlier than 30 days after the first publication of such notice.
(Source: P.A. 86-1328.)
(805 ILCS 20/4) (from Ch. 32, par. 193)
Sec. 4. 
		
		It shall not be necessary for the Attorney-General to file an
affidavit showing such officer or agent of such corporation resides or has
gone out of the State, or on due inquiry cannot be found, or is concealed
so that process cannot be served upon them, or that upon diligent inquiry
the places of residence of such officers or agents cannot be ascertained.
(Source: Laws 1935, p. 616.)
(805 ILCS 20/5) (from Ch. 32, par. 194)
Sec. 5. 
		
		The practice in proceedings under this Act shall be the same as in
other civil cases.
(Source: Laws 1935, p. 616.)
(805 ILCS 20/6) (from Ch. 32, par. 195)
Sec. 6. 
		
		Suits and proceedings instituted under the provisions of this act
shall be placed upon a separate docket by themselves, and stand for trial
upon the call of such docket at such times as the judge thereof may order.
(Source: Laws 1933, p. 390.)
(805 ILCS 20/7) (from Ch. 32, par. 196)
Sec. 7. 
		
		Upon the hearing of the complaint the court may
order a
dissolution of such corporation, and upon notice by the Attorney General in
writing of such order being filed with the Secretary of State and entered
upon the records of his office, the dissolution of such corporation shall
be complete.
(Source: P.A. 79-1365.)
(805 ILCS 20/8) (from Ch. 32, par. 197)
Sec. 8. 
		
		The costs of the court and of publication in proceedings
under this act shall be paid out of any moneys in the treasury not
otherwise appropriated upon certified fee bills approved by the Attorney
General.
(Source: Laws 1895, p. 130.)