Illinois Compiled Statutes 805 ILCS 105/113.50 – Grounds for revocation of authority
Current as of: 2024 | Check for updates
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(a) The authority of a foreign corporation to conduct affairs in this State may be revoked by the Secretary of State:
(1) Upon the failure of an officer or director to
(1) Upon the failure of an officer or director to
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whom interrogatories have been propounded by the Secretary of State, as provided in this Act, to answer the same fully and to file such answer in the office of the Secretary of State;
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(2) If the authority of the corporation was procured
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through fraud practiced upon the State;
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(3) If the corporation has continued to exceed or
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abuse the authority conferred upon it by this Act;
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(4) Upon the failure of the corporation to keep on
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file in the office of the Secretary of State duly authenticated copies of each amendment to its articles of incorporation;
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(5) Upon the failure of the corporation to appoint
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and maintain a registered agent in this State;
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(6) Upon the failure of the corporation to file any
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report after the period prescribed by this Act for the filing of such report;
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(7) Upon the failure of the corporation to pay any
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fees or charges prescribed by this Act;
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(8) For misrepresentation of any material matter in
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any application, report, affidavit, or other document filed by such corporation pursuant to this Act;
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(9) Upon the failure of the corporation to renew its
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assumed name or to apply to change its assumed name pursuant to the provisions of this Act, when the corporation can only conduct affairs within this State under its assumed name in accordance with the provisions of Section 104.05 of this Act;
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(10) Upon notification from the local liquor
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commissioner, pursuant to Section 4-4(3) of the Liquor Control Act of 1934, that a foreign corporation functioning as a club in this State has violated that Act by selling or offering for sale at retail alcoholic liquors without a retailer’s license; or
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(11) When, in an action by the Attorney General,
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under the provisions of the Consumer Fraud and Deceptive Business Practices Act, the Solicitation for Charity Act, or the Charitable Trust Act, a court has found that the corporation substantially and willfully violated any of such Acts.
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(b) The enumeration of grounds for revocation in paragraphs (1) through (11) of subsection (a) shall not preclude any action by the Attorney General which is authorized by any other statute of the State of Illinois or the common law.
Terms Used In Illinois Compiled Statutes 805 ILCS 105/113.50
- 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.
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- 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.
- Fraud: Intentional deception resulting in injury to another.
- Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
- 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
- Statute: A law passed by a legislature.