(805 ILCS 105/113.50) (from Ch. 32, par. 113.50)
Sec. 113.50. Grounds for revocation of authority.
(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
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;
(2) If the authority of the corporation was procured
through fraud practiced upon the State;
(3) If the corporation has continued to exceed or
abuse the authority conferred upon it by this Act;
(4) Upon the failure of the corporation to keep on
file in the office of the Secretary of State duly authenticated copies of each amendment to its articles or incorporation;
(5) Upon the failure of the corporation to appoint
and maintain a registered agent in this State;
(6) Upon the failure of the corporation to file any
report after the period prescribed by this Act for the filing of such report;
(7) Upon the failure of the corporation to pay any
fees or charges prescribed by this Act;
(8) For misrepresentation of any material matter in
any application, report, affidavit, or other document filed by such corporation pursuant to this Act;
(9) Upon the failure of the corporation to renew its
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;
(10) Upon notification from the local liquor
commissioner, pursuant to Section 4-4(3) of "The Liquor Control Act of 1934," as now or hereafter amended, 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
(11) When, in an action by the Attorney General,
under the provisions of the "Consumer Fraud and Deceptive Business Practices Act", or "An Act to regulate solicitation and collection of funds for charitable purposes, providing for violations thereof, and making an appropriation therefor", approved July 26, 1963, as amended, or the "Charitable Trust Act", a court has found that the corporation substantially and willfully violated any of such Acts.
(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.
(Source: P.A. 92-33, eff. 7-1-01; 93-59, eff. 7-1-03.)
Sections: Previous 113.05 113.10 113.15 113.20 113.25 113.30 113.35 113.40 113.45 113.50 113.55 113.60 113.65 113.70 Next
Last modified: February 18, 2015