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| 1 | | company under Article 30 of the Limited Liability Company |
| 2 | | Act; and |
| 3 | | (2) intends to retain the membership for at least 5 |
| 4 | | years. |
| 5 | | "Bona fide equity partner" means an individual who: |
| 6 | | (1) (i) became a partner, either general or limited, |
| 7 | | upon the formation of a partnership or limited |
| 8 | | partnership, or (ii) has purchased, acquired, or been |
| 9 | | gifted a partnership interest accurately representing his |
| 10 | | or her percentage distributional interest in the profits, |
| 11 | | losses, and assets of a partnership or limited |
| 12 | | partnership; |
| 13 | | (2) intends to retain ownership of the partnership |
| 14 | | interest for at least 5 years; and |
| 15 | | (3) is a resident of this State. |
| 16 | | "Bona fide equity shareholder" means an individual who: |
| 17 | | (1) purchased, for market price, publicly sold stock |
| 18 | | shares in a corporation, purchased shares of a |
| 19 | | privately-held corporation for a value equal to the |
| 20 | | percentage of the appraised value of the corporate assets |
| 21 | | represented by the ownership in the corporation, or is a |
| 22 | | member of a closely-held family-owned corporation and has |
| 23 | | purchased or been gifted with shares of stock in the |
| 24 | | corporation accurately reflecting his or her percentage of |
| 25 | | ownership; and |
| 26 | | (2) intends to retain the ownership of the shares of |
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| 1 | | stock for at least 5 years. |
| 2 | | (b) Landowner Deer, Turkey, and combination permits shall |
| 3 | | be issued without charge to: |
| 4 | | (1) Illinois landowners residing in this State who own |
| 5 | | at least 40 acres of Illinois land and wish to hunt upon |
| 6 | | their land only; |
| 7 | | (2) resident tenants of at least 40 acres of |
| 8 | | commercial agricultural land where they will hunt; and |
| 9 | | (3) bona fide equity shareholders of a corporation, |
| 10 | | bona fide equity members of a limited liability company, |
| 11 | | or bona fide equity partners of a general or limited |
| 12 | | partnership which owns at least 40 acres of land in a |
| 13 | | county in this State who wish to hunt on the |
| 14 | | corporation's, company's, or partnership's land only. One |
| 15 | | permit shall be issued without charge to one bona fide |
| 16 | | equity shareholder, one bona fide equity member, or one |
| 17 | | bona fide equity partner for each 40 acres of land owned by |
| 18 | | the corporation, company, or partnership in a county; |
| 19 | | however, the number of permits issued without charge to |
| 20 | | bona fide equity shareholders of any corporation or bona |
| 21 | | fide equity members of a limited liability company in any |
| 22 | | county shall not exceed 15, and shall not exceed 3 in the |
| 23 | | case of bona fide equity partners of a partnership. |
| 24 | | Bona fide landowners or tenants who do not wish to hunt |
| 25 | | only on the land they own, rent, or lease or bona fide equity |
| 26 | | shareholders, bona fide equity members, or bona fide equity |
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| 1 | | partners who do not wish to hunt only on the land owned by the |
| 2 | | corporation, limited liability company, or partnership shall |
| 3 | | be charged the same fee as the applicant who is not a |
| 4 | | landowner, tenant, bona fide equity shareholder, bona fide |
| 5 | | equity member, or bona fide equity partner. Nonresidents of |
| 6 | | this State who own at least 40 acres of land and wish to hunt |
| 7 | | on their land only shall be charged a fee set by administrative |
| 8 | | rule. The method for obtaining these permits shall be |
| 9 | | prescribed by administrative rule. |
| 10 | | (b-5) Landowner Deer permits shall be issued without |
| 11 | | charge to: |
| 12 | | (1) Illinois landowners residing in this State who own |
| 13 | | at least 20 acres of Illinois land that is located in a |
| 14 | | county where the Department has positively identified |
| 15 | | chronic wasting disease cases in the deer herd, and who |
| 16 | | wish to hunt upon their land only; |
| 17 | | (2) resident tenants of at least 20 acres of |
| 18 | | commercial agricultural land that is located in a county |
| 19 | | where the Department has positively identified chronic |
| 20 | | wasting disease cases in the deer herd where they will |
| 21 | | hunt and who wish to hunt upon the land they are tenants of |
| 22 | | only; and |
| 23 | | (3) bona fide equity shareholders of a corporation, |
| 24 | | bona fide equity members of a limited liability company, |
| 25 | | or bona fide equity partners of a general or limited |
| 26 | | partnership which owns at least 20 acres of land in a |
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| 1 | | county in this State where the Department has positively |
| 2 | | identified chronic wasting disease cases in the deer herd |
| 3 | | and who wish to hunt on the corporation's, company's, or |
| 4 | | partnership's land only. One permit shall be issued |
| 5 | | without charge to one bona fide equity shareholder, one |
| 6 | | bona fide equity member, or one bona fide equity partner |
| 7 | | for each 20 acres of land owned by the corporation, |
| 8 | | company, or partnership in a county; however, the number |
| 9 | | of permits issued without charge to bona fide equity |
| 10 | | shareholders of any corporation or bona fide equity |
| 11 | | members of a limited liability company in any county shall |
| 12 | | not exceed 15, and shall not exceed 3 in the case of bona |
| 13 | | fide equity partners of a partnership. |
| 14 | | Bona fide landowners or tenants who do not wish to |
| 15 | | hunt only on the land they own, rent, or lease or bona fide |
| 16 | | equity shareholders, bona fide equity members, or bona |
| 17 | | fide equity partners who do not wish to hunt only on the |
| 18 | | land owned by the corporation, limited liability company, |
| 19 | | or partnership shall be charged the same fee as the |
| 20 | | applicant who is not a landowner, tenant, bona fide equity |
| 21 | | shareholder, bona fide equity member, or bona fide equity |
| 22 | | partner. |
| 23 | | Nonresidents of this State who own at least 20 acres of |
| 24 | | land where the Department has positively identified chronic |
| 25 | | wasting disease cases in the deer herd and who wish to hunt on |
| 26 | | their land only shall be charged a fee set by administrative |
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| 1 | | rule. The method for obtaining these permits shall be |
| 2 | | prescribed by administrative rule. |
| 3 | | (c) The deer, turkey, or combination hunting permit issued |
| 4 | | without fee shall be valid on all farm lands which the person |
| 5 | | to whom it is issued owns, leases or rents, except that in the |
| 6 | | case of a permit issued to a bona fide equity shareholder, bona |
| 7 | | fide equity member, or bona fide equity partner, the permit |
| 8 | | shall be valid on all lands owned by the corporation, limited |
| 9 | | liability company, or partnership in the county. |
| 10 | | (Source: P.A. 99-869, eff. 1-1-17.)". |