Illinois Compiled Statutes 805 ILCS 105/112.35 – Grounds for administrative dissolution
Current as of: 2024 | Check for updates
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The Secretary of State may dissolve any corporation administratively if:
(a) It has failed to file its annual report as
(a) It has failed to file its annual report as
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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;
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(b) It has failed to file in the office of the
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Secretary of State any report after the expiration of the period prescribed in this Act for filing such report;
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(c) It has failed to pay any fees or charges
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prescribed by this Act;
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(d) It has failed to appoint and maintain a
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registered agent in this State;
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(e) It has misrepresented any material matter in any
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application, report, affidavit, or other document filed by the corporation pursuant to this Act;
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(f) The Secretary of State receives notification from
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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
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(g) It has failed to elect and maintain at least 3
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directors in accordance with Section 108.10 of this Act.
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Terms Used In Illinois Compiled Statutes 805 ILCS 105/112.35
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14