Rep. Jay Hoffman
Filed: 2/28/2018
 
 

 

 

 
10000HB4578ham001LRB100 18154 JLS 36793 a



1
AMENDMENT TO HOUSE BILL 4578 




2    AMENDMENT NO. ______. Amend House Bill 4578 on page 8, by 
3inserting immediately below line 17 the following:

 
4    "Section 10. The Limited Liability Company Act is amended  
5by changing Section 50-15 as follows:
 



6    (805 ILCS 180/50-15)


7    Sec. 50-15. Penalty. 

8    (a) The Secretary of State shall declare any limited

9liability company or foreign limited liability company to be

10delinquent and not in good standing if any of the following

11occur:


12        (1) It has failed to file its annual report and
pay the 
13    requisite fee as required by this Act before the
first day 
14    of the anniversary month in the year in which
it is due.


15        (2) It has failed to appoint and maintain a
registered 
16    agent in Illinois within 60 days of
notification of the 
 
 
10000HB4578ham001- 2 -LRB100 18154 JLS 36793 a

1    Secretary of State by the resigning
registered agent.


2        (3) (Blank).

3    (b) If the limited liability company or foreign limited

4liability company has not corrected the default within the
time 
5periods prescribed by this Act, the Secretary of State
shall be 
6empowered to invoke any of the following penalties:


7        (1) For failure or refusal to comply with
subsection 
8    (a) of this Section before the first day of the second 
9    month after the anniversary month within 60 days after the

10    due date, a penalty of $100 $300 plus $100 for each year or 
11    fraction thereof beginning with the second year of 
12    delinquency until returned to good standing or until 
13    reinstatement is effected.


14        (2) The Secretary of State shall not file any

15    additional documents, amendments, reports, or other
papers 
16    relating to any limited liability company or
foreign 
17    limited liability company organized under or
subject to the 
18    provisions of this Act until any
delinquency under 
19    subsection (a) is satisfied.


20        (3) In response to inquiries received in the
Office of 
21    the Secretary of State from any party
regarding a limited 
22    liability company that is
delinquent, the Secretary of 
23    State may show the limited
liability company as not in good 
24    standing.

25(Source: P.A. 93-32, eff. 12-1-03; 94-605, eff. 1-1-06.)".