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Illinois Compiled Statutes

Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

BUSINESS ORGANIZATIONS
(805 ILCS 180/) Limited Liability Company Act.

805 ILCS 180/40-10

    (805 ILCS 180/40-10)
    Sec. 40-10. Pleading. In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by the limited liability company or the reasons for not making the effort.
(Source: P.A. 87-1062.)

805 ILCS 180/40-15

    (805 ILCS 180/40-15)
    Sec. 40-15. Expenses. If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees, and shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds received by the plaintiff.
(Source: P.A. 87-1062.)

805 ILCS 180/Art. 45

 
    (805 ILCS 180/Art. 45 heading)
Article 45. Foreign Limited Liability Companies

805 ILCS 180/45-1

    (805 ILCS 180/45-1)
    Sec. 45-1. Law governing foreign limited liability companies.
    (a) The laws of the State or other jurisdiction under which a foreign limited liability company is organized govern its organization and internal affairs and the liability of its managers, members, and their transferees.
    (b) A foreign limited liability company may not be denied admission by reason of any difference between the laws of another jurisdiction under which the foreign company is organized and the laws of this State.
    (c) Having authority to transact business in this State does not authorize a foreign limited liability company to engage in any business or exercise any power that a limited liability company may not engage in or exercise in this State.
(Source: P.A. 93-59, eff. 7-1-03.)

805 ILCS 180/45-5

    (805 ILCS 180/45-5)
    Sec. 45-5. Admission to transact business.
    (a) Except as provided in Article V of the Illinois Insurance Code, before transacting business in this State, a foreign limited liability company shall be admitted to do so by the Secretary of State. In order to be admitted, a foreign limited liability company shall submit to the Office of the Secretary of State an application for admission to transact business as a foreign limited liability company setting forth all of the following:
        (1) The name of the foreign limited liability company
    
and, if different, the name under which it proposes to transact business in this State.
        (2) The jurisdiction, date of its formation, and
    
period of duration.
        (3) A certificate stating that the company is in
    
existence under the laws of the jurisdiction wherein it is organized executed by the Secretary of State of that jurisdiction or by some other official that may have custody of the records pertaining to limited liability companies (or affidavit from an appropriate official of the jurisdiction that good standing certificates are not issued or other evidence of existence which the Secretary of State shall deem appropriate).
        (4) The name and business address of the proposed
    
registered agent in this State, which registered agent shall be an individual resident of this State, a domestic corporation, or a foreign corporation having a place of business in, and authorized to do business in, this State; if the registered agent is a corporation, the corporation must be authorized by its articles of incorporation to act as a registered agent.
        (5) The address, including street and number, rural
    
route number or 911 address, where applicable, of its principal place of business.
        (6) The purpose or purposes for which it was
    
organized and the purpose or purposes which it proposes to conduct in the transaction of business in this State.
        (7) A statement whether the limited liability company
    
is managed by a manager or managers or whether management of the limited liability company is vested in the members.
        (8) A statement that the Secretary of State is
    
appointed the agent of the foreign limited liability company for service of process under the circumstances set forth in subsection (b) of Section 1-50.
        (9) All additional information that may be necessary
    
or appropriate in order to enable the Secretary of State to determine whether the limited liability company is entitled to transact business in this State.
    (b) No foreign limited liability company shall transact in this State any business that a limited liability company formed under the laws of this State is not permitted to transact. A foreign limited liability company admitted to transact business in this State shall, until admission is revoked as provided in this Act, enjoy the same, but no greater, rights and privileges as a limited liability company formed under the laws of this State.
    (c) The acceptance and filing by the Office of the Secretary of State of a foreign limited liability company's application shall admit the foreign limited liability company to transact business in the State.
(Source: P.A. 98-171, eff. 8-5-13.)

805 ILCS 180/45-10

    (805 ILCS 180/45-10)
    Sec. 45-10. Filing; issuance of admission. If the Secretary of State finds that an application or amended application for admission conforms to law and all requisite fees have been paid, he or she shall:
    (1) endorse on the application or the amended application the word "Filed" and the date of the filing thereof;
    (2) file in his or her office one duplicate original of the application or the amended application; and
    (3) return the other duplicate original of the application or the amended application to the person who filed it or to that person's representative.
(Source: P.A. 87-1062.)

805 ILCS 180/45-15

    (805 ILCS 180/45-15)
    Sec. 45-15. Name. A foreign limited liability company may be admitted to transact business in this State under any name (whether or not it is the name under which it is formed in the jurisdiction of its formation) that complies with the provisions of Section 1-10. However, if the name is different from the name under which it is formed in its jurisdiction of organization, the foreign limited liability company shall also file an assumed name application in accordance with Section 1-20.
(Source: P.A. 98-720, eff. 7-16-14.)

805 ILCS 180/45-20

    (805 ILCS 180/45-20)
    Sec. 45-20. Registration; registered name of foreign limited liability company.
    (a) Any foreign limited liability company not transacting business in this State and not authorized to transact business in this State may register its name, provided its name is available for use as determined by the Secretary of State in accordance with the provisions of this Act that specify name availability for limited liability companies organized in Illinois. Registration shall be made by doing the following:
        (1) executing and filing in accordance with the forms
    
and regulations that the Secretary of State may specify:
            (A) an application for registration, stating the
        
name of the limited liability company, the State or place under the laws of which it is organized, the date of its organization, a brief statement of the business in which it is engaged or plans to engage, the post-office address of the limited liability company to which the Secretary of State may mail notices as required or permitted by this Act, and that it desires to register its name under this Section; and
            (B) a certificate setting forth that the limited
        
liability company is in good standing under the laws of the State or place wherein it is organized executed by the Secretary of State of that state or by some other public official that may have custody of the records pertaining to limited liability companies; and
        (2) paying to the Secretary of State a fee of $300.
    (b) Registration shall be effective from the date of filing by the Secretary of State until the first day of the twelfth month following that date.
    (c) Registration may be renewed from year to year by filing an application for renewal setting forth the facts required in an original application for registration and accompanied by a certificate of good standing as required for the original registration and by paying the fee of $100 within 60 days immediately preceding the first day of the twelfth month following the date of filing the original registration or previous renewal. Renewal shall extend the registration for 12 months, to expire on the first day of the month in which the original registration was filed the next year.
    (d) Any foreign limited liability company that has in effect a registration of its name may cancel that registration at any time by filing an application for cancellation in the same manner and setting forth the same facts required to be set forth in an original registration and paying the fee prescribed by this Act.
    (e) The Secretary of State may cancel any registration if, after a hearing, he or she finds that the application therefor or any renewal thereof was made contrary to this Act.
(Source: P.A. 87-1062.)

805 ILCS 180/45-25

    (805 ILCS 180/45-25)
    Sec. 45-25. Changes, amendments, and restatements. If any statement in the application for admission by a foreign limited liability company was false when made or any arrangements or other facts described have changed, making the application inaccurate in any respect including, but not limited to, a change in the name or address of the registered agent required to be maintained by Section 1-35, the foreign limited liability company shall promptly submit to the Office of the Secretary of State, in duplicate, an amended application for admission, executed by a manager or member correcting the statement.
(Source: P.A. 87-1062.)

805 ILCS 180/45-30

    (805 ILCS 180/45-30)
    Sec. 45-30. Requirement for registered agent and certain reports. A foreign limited liability company admitted to transact business in this State shall:
        (1) appoint and continuously maintain a registered
    
agent and registered office in the manner provided in Section 1-35;
        (2) file a report upon any change in the name or
    
business address of its registered agent or address of the registered office in the manner provided in Section 1-36; and
        (3) file an annual report as required by Section 50-1.
(Source: P.A. 96-988, eff. 7-2-10.)

805 ILCS 180/45-35

    (805 ILCS 180/45-35)
    Sec. 45-35. Grounds for revocation of admission.
    (a) The admission of a foreign limited liability company to transact business in this State may be revoked by the Secretary of State if:
         (1) The foreign limited company has failed to:
            (A) file its annual report and pay its fee as
        
required by this Act before the first day of the anniversary month or has failed to pay any fees or penalties prescribed by this Act;
            (B) appoint and maintain a registered agent in
        
Illinois within 60 days after a registered agent's notice of resignation under Section 1-35;
            (C) (blank);
            (D) file in the Office of the Secretary of State
        
any amendment to its application for admission as specified in Section 45-25 or any report after the expiration of the period prescribed in this Act for filing the report; or
            (E) renew its assumed name, or to apply to change
        
its assumed name under this Act, when the limited liability company may only transact business within this State under its assumed name in accordance with the provisions of Section 45-15 of this Act.
         (2) A misrepresentation has been made of any material
    
matter in any application, report, affidavit, or other document submitted by the foreign limited liability company under this Act.
        (2.5) A manager or member to whom interrogatories
    
have been propounded by the Secretary of State as provided in Section 5-60 of this Act fails to answer the interrogatories fully and to timely file the answer in the office of the Secretary of State.
        (3) The Secretary of State receives a certified copy
    
of a memorandum of judgment relating to a judgment entered for money owed to a unit of local government or school district, together with a statement filed by its attorney that the judgment has not been satisfied and that no appeal has been filed.
        (4) It has tendered payment to the Secretary of State
    
which is returned due to insufficient funds, a closed account, or for any other reason, and acceptable payment has not been subsequently tendered.
    (b) (Blank).
    (c) (Blank).
(Source: P.A. 98-171, eff. 8-5-13.)

805 ILCS 180/45-36

    (805 ILCS 180/45-36)
    Sec. 45-36. Procedure for revocation of admission.
    (a) After the Secretary of State determines that one or more grounds exist under Section 45-35 for the revocation of admission of a foreign limited liability company, the Secretary of State shall send a notice of delinquency by regular mail to each delinquent limited liability company at its registered office or, if the limited liability company has failed to maintain a registered office, then to the last known address shown on the records of the Secretary of State for the principal place of business.
    (b) If the limited liability company does not correct the default described in item (A) or (D) of paragraph (1) of subsection (a) of Section 45-35 within 120 days following the date of the notice of delinquency, the Secretary of State shall revoke the admission of the limited liability company by issuing a certificate of revocation that recites the grounds for revocation and its effective date. If the limited liability company does not correct the default described in item (B) or (E) of paragraph (1) or paragraph (2), (2.5), (3), or (4) of subsection (a) of Section 45-35 within 60 days following the notice, the Secretary of State shall revoke the admission of the limited liability company by issuing a certificate of revocation that recites the grounds for revocation and its effective date. The Secretary of State shall file the original of the certificate in his or her office and mail one copy to the limited liability company at its registered office or, if the limited liability company has failed to maintain a registered office, then to the last known address shown on the records of the Secretary of State for the principal place of business.
    (c) Upon the issuance of a certificate of revocation, the admission of the limited liability company to transact business in this State shall cease and the revoked company shall not thereafter carry on any business in this State.
    (d) The Secretary of State shall, from information received from the Illinois Commerce Commission, compile and keep a list of all foreign limited liability companies that are regulated pursuant to the provisions of the Public Utilities Act, or the Collateral Recovery Act, or the Personal Property Storage Act, or Chapter 18a, 18c, or 18d of the Illinois Vehicle Code and which hold, as a prerequisite for doing business in this State, any franchise, license, permit, or right to engage in any business regulated by such Acts.
    (e) Each month the Secretary of State shall, by written notice, advise the Chief Clerk of the Illinois Commerce Commission of any foreign limited liability company on the list maintained under subsection (d) whose admission to do business in Illinois has been revoked within the month.
    (f) The Secretary of State and the Illinois Commerce Commission may provide each other the information required under this Section in an electronic format, including, without limitation by means of such agreed access, those records of the Secretary of State that will provide the Illinois Commerce Commission the information it requires under the statutes it administers. The provision of information under this Section shall begin as soon as is practicable, but in no event later than October 1, 2020.
(Source: P.A. 101-494, eff. 1-1-20.)