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Public Act 095-0507
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| SB1435 Enrolled |
LRB095 10506 LCT 30721 b |
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AN ACT concerning business.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Business Corporation Act of 1983 is amended |
by adding Section 12.43 as follows:
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(805 ILCS 5/12.43 new) |
Sec. 12.43. Administrative dissolution; corporate name. |
The Secretary of State shall not allow another corporation to |
use the name of a domestic corporation that has been |
administratively dissolved until 3 years have elapsed |
following the date of issuance of the
certificate of |
dissolution. If the domestic corporation that has been |
administratively dissolved is reinstated within 3 years after |
the date of issuance of the
certificate of dissolution, the |
domestic corporation shall continue under its previous name |
without impacting its continuous legal status, unless the |
corporation petitions to change its name upon reinstatement.
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Section 10. The General Not For Profit Corporation Act of |
1986 is amended by adding Section 112.43 as follows:
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(805 ILCS 105/112.43 new) |
Sec. 112.43. Administrative dissolution; corporate name. |