Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

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 415/) Entity Omnibus Act.

805 ILCS 415/305

    (805 ILCS 415/305)
    Sec. 305. Statement of domestication; effective date.
    (a) A statement of domestication must be signed on behalf of the domesticating entity and filed with the Secretary of State.
    (b) A statement of domestication must contain:
        (1) the name, jurisdiction of organization, and type
    
of the domesticating entity;
        (2) the name and jurisdiction of organization of the
    
domesticated entity;
        (3) if the statement of domestication is not to be
    
effective upon filing, the later date and time on which it will become effective, which may not be more than 30 days after the date of filing;
        (4) if the domesticating entity is a domestic entity,
    
a statement that the plan of domestication was approved in accordance with this Article or, if the domesticating entity is a foreign entity, a statement that the domestication was approved in accordance with the law of its jurisdiction of organization;
        (5) if the domesticated entity is a domestic filing
    
entity, its public organic document, as an attachment signed by a person authorized by the entity;
        (6) if the domesticated entity is a domestic
    
limited liability partnership, its statement of qualification, as an attachment; and
        (7) if the domesticated entity is a foreign entity
    
that is not a qualified foreign entity, a mailing address to which the Secretary of State may send any process served on the Secretary of State pursuant to subsection (e) of Section 306.
    (c) In addition to the requirements of subsection (b), a statement of domestication may contain any other provision not prohibited by law.
    (d) If the domesticated entity is a domestic entity, its public organic document, if any, must satisfy the requirements of the law of this State and may omit any provision that is not required to be included in a restatement of the public organic document.
    (e) A statement of domestication becomes effective upon the date and time of filing or the later date and time specified in the statement of domestication.
(Source: P.A. 100-561, eff. 7-1-18; 101-491, eff. 8-23-19.)

805 ILCS 415/306

    (805 ILCS 415/306)
    Sec. 306. Effect of domestication.
    (a) When a domestication becomes effective:
        (1) the domesticated entity is:
            (A) organized under and subject to the organic
        
law of the domesticated entity; and
            (B) the same entity without interruption as the
        
domesticating entity, even though the organic law of the domesticated entity may require or allow the name of the domesticated entity to be modified;
        (2) all property of the domesticating entity
    
continues to be vested in the domesticated entity without assignment, reversion, or impairment;
        (3) all liabilities of the domesticating entity
    
continue as liabilities of the domesticated entity;
        (4) except as provided by law other than this Act or
    
the plan of domestication, all of the rights, privileges, immunities, powers, and purposes of the domesticating entity remain in the domesticated entity;
        (5) the name of the domesticated entity may be
    
substituted for the name of the domesticating entity in any pending action or proceeding;
        (6) if the domesticated entity is a filing entity,
    
its public organic document is effective and is binding on its interest holders;
        (7) the private organic rules of the domesticated
    
entity that are to be in a record, if any, approved as part of the plan of domestication are effective and are binding on and enforceable by:
            (A) its interest holders; and
            (B) in the case of a domesticated entity that is
        
not a business corporation or nonprofit corporation, any other person that is a party to an agreement that is part of the domesticated entity's private organic rules; and
        (8) the interests in the domesticating entity are
    
converted to the extent and as approved in connection with the domestication, and the interest holders of the domesticating entity are entitled only to the rights provided to them under the plan of domestication and to any appraisal rights they have under Section 109 and the domesticating entity's organic law.
    (b) Except as otherwise provided in the organic law or organic rules of the domesticating entity, the domestication does not give rise to any rights that an interest holder, governor, or third party would otherwise have upon a dissolution, liquidation, or winding-up of the domesticating entity.
    (c) When a domestication becomes effective, a person that did not have interest holder liability with respect to the domesticating entity and that becomes subject to interest holder liability with respect to a domestic entity as a result of the domestication has interest holder liability only to the extent provided by the organic law of the entity and only for those liabilities that arise after the domestication becomes effective.
    (d) When a domestication becomes effective:
        (1) the domestication does not discharge any interest
    
holder liability under the organic law of a domestic domesticating entity to the extent the interest holder liability arose before the domestication became effective;
        (2) a person does not have interest holder liability
    
under the organic law of a domestic domesticating entity for any liability that arises after the domestication becomes effective;
        (3) the organic law of a domestic domesticating
    
entity continues to apply to the release, collection, or discharge of any interest holder liability preserved under paragraph (1) as if the domestication had not occurred; and
        (4) a person has whatever rights of contribution
    
from any other person as are provided by the organic law or organic rules of a domestic domesticating entity with respect to any interest holder liability preserved under paragraph (1) as if the domestication had not occurred.
    (e) When a domestication becomes effective, a foreign entity that is the domesticated entity:
        (1) may be served with process in this State for the
    
collection and enforcement of any of its liabilities; and
        (2) appoints the Secretary of State as its agent
    
for service of process for collecting or enforcing those liabilities.
    (f) If the domesticating entity is a qualified foreign entity, the certificate of authority or other foreign qualification of the domesticating entity is canceled when the domestication becomes effective.
    (g) A domestication does not require the entity to wind up its affairs and does not constitute or cause the dissolution of the entity.
(Source: P.A. 100-561, eff. 7-1-18; 101-491, eff. 8-23-19.)

805 ILCS 415/Art. 4

 
    (805 ILCS 415/Art. 4 heading)
ARTICLE 4.
FEES AND OTHER MATTERS
(Source: P.A. 100-561, eff. 7-1-18.)

805 ILCS 415/401

    (805 ILCS 415/401)
    Sec. 401. Fees.
    (a) The Secretary of State shall charge and collect in accordance with the provisions of this Act and the rules adopted under its authority all of the following:
        (1) Fees for filing documents.
        (2) Miscellaneous charges.
        (3) Fees for the sale of lists of filings and for
    
copies of any documents.
    (b) The Secretary of State shall charge and collect for all of the following:
        (1) Filing statement of conversion, $100.
        (2) Filing statement of domestication, $100.
        (3) Filing statement of amendments, $150.
        (4) Filing statement of abandonment, $100.
(Source: P.A. 100-561, eff. 7-1-18.)

805 ILCS 415/402

    (805 ILCS 415/402)
    Sec. 402. Powers of Secretary of State and rulemaking.
    (a) The Secretary of State has the power and authority reasonably necessary to administer this Act efficiently and to perform the duties imposed in this Act. The Secretary of State's function under this Act is to be a central depository for the statements required by this Act.
    (b) The Secretary of State has the power and authority to adopt rules, in accordance with the Illinois Administrative Procedure Act, necessary to administer this Act efficiently and to perform the duties imposed in this Act.
(Source: P.A. 100-561, eff. 7-1-18.)

805 ILCS 415/403

    (805 ILCS 415/403)
    Sec. 403. Certified copies and certificates.
    (a) Copies, photostatic or otherwise, of documents filed in the Office of the Secretary of State in accordance with this Act, when certified by the Secretary of State under the Great Seal of the State of Illinois, shall be taken and received in all courts, public offices, and official bodies as prima facie evidence of the facts stated in the documents.
    (b) Certificates by the Secretary of State under the Great Seal of the State of Illinois as to the existence or nonexistence of facts relating to entities filing under this Act, which would not appear from a certified copy of any document, shall be taken and received in all courts, public offices, and official bodies as prima facie evidence of the existence or nonexistence of the facts stated.
(Source: P.A. 100-561, eff. 7-1-18.)

805 ILCS 415/404

    (805 ILCS 415/404)
    Sec. 404. Forms. All documents required by this Act to be filed in the Office of the Secretary of State shall be made on forms prescribed and furnished by the Secretary of State.
(Source: P.A. 100-561, eff. 7-1-18.)

805 ILCS 415/405

    (805 ILCS 415/405)
    Sec. 405. File number. All documents required by this Act to be filed in the Office of the Secretary of State shall contain the filing entity's file number as assigned by the Office of the Secretary of State.
(Source: P.A. 100-561, eff. 7-1-18.)