Bill Title: Amends the Business Corporation Act of 1983, the General Not for Profit Corporation Act of 1986, and the Limited Liability Company Act. Requires a limited liability company (LLC) that has converted into a different entity to file a copy of the articles of conversion with the Secretary of State. Allows the Secretary of State to accept service of process for a domestic corporation or LLC that has dissolved, faces criminal charges, or has failed to appoint or maintain an agent or whose agent cannot be found. Requires the articles of incorporation of an LLC to specify the company's duration, making the duration perpetual if not specified. Provides that restated articles of incorporation supersede any previous articles or amendments. Expands the grounds for dissolution of an LLC or revocation of admission for a foreign LLC to failure to respond to interrogatories or failure to tender adequate payment to the Secretary of State. Creates a process for revoking a foreign LLC's right to admission. Effective July 1, 2013.

Sponsorship: Partisan Bill (Democrat 4)

Status: (Passed) 2013-08-05 - Public Act . . . . . . . . . 98-0171 [HB1048 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2013-08-05	HTML/Text	Link	View
Enrolled	2013-05-10	HTML/Text	Link	View
Engrossed	2013-02-27	HTML/Text	Link	View
Introduced	2013-01-30	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1048

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1048 currently on file.