Illinois Compiled Statutes 805 ILCS 15 Medical Corporation Act. Section 5

    (805 ILCS 15/5) (from Ch. 32, par. 635)

    Sec. 5. No corporation shall open, operate or maintain an establishment for any of the purposes set forth in Section 2 of this Act without a certificate of registration from the Department of Professional Regulation, hereinafter called the Department. Application for such registration shall be made to the Department in writing and shall contain the name and address of the corporation and such other information as may be required by the Department. Upon receipt of such application, the Department shall make an investigation of the corporation. If the Department finds that the incorporators, officers, directors and shareholders are all licensed pursuant to the Medical Practice Act of 1987 and if no disciplinary action is pending before the Department against any of them, and if it appears that the corporation will be conducted in compliance with law and the regulations of the Department, the Department shall issue, upon payment of a registration fee of $50, a certificate of registration.

(Source: P.A. 85-1209.)

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Last modified: February 18, 2015