Sen. John J. Cullerton
Filed: 4/19/2010
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| 1 | AMENDMENT TO HOUSE BILL 4976
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| 2 | AMENDMENT NO. ______. Amend House Bill 4976 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Limited Liability Company Act is amended by | ||||||
| 5 | changing Section 1-28 as follows: | ||||||
| 6 | (805 ILCS 180/1-28) | ||||||
| 7 | Sec. 1-28 1-26. Certificate of Registration; Department of | ||||||
| 8 | Financial and Professional Regulation. This This Section | ||||||
| 9 | applies only to a limited liability company that intends to | ||||||
| 10 | provide, or does provide, professional services that require | ||||||
| 11 | the individuals engaged in the profession to be licensed by the | ||||||
| 12 | Department of Financial and Professional Regulation. A limited | ||||||
| 13 | liability company covered by this Section shall not open, | ||||||
| 14 | operate, or maintain an establishment for any of the purposes | ||||||
| 15 | for which a limited liability company may be organized under | ||||||
| 16 | this Act without obtaining a certificate of registration from | ||||||
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| 1 | the Department. | ||||||
| 2 | Application for such registration shall be made in writing | ||||||
| 3 | and shall contain the name and address of the limited liability | ||||||
| 4 | company and such other information as may be required by the | ||||||
| 5 | Department. Upon receipt of such application, the Department | ||||||
| 6 | shall make an investigation of the limited liability company. | ||||||
| 7 | If the Department finds that the organizers, managers, and | ||||||
| 8 | members are each licensed pursuant to the laws of Illinois to | ||||||
| 9 | engage in the particular profession or related professions | ||||||
| 10 | involved (except that an initial organizer may be a licensed | ||||||
| 11 | attorney) and if no disciplinary action is pending before the | ||||||
| 12 | Department against any of them and if it appears that the | ||||||
| 13 | limited liability company will be conducted in compliance with | ||||||
| 14 | the law and the rules and regulations of the Department, the | ||||||
| 15 | Department shall issue, upon payment of a registration fee of | ||||||
| 16 | $50, a certificate of registration. | ||||||
| 17 | Upon written application of the holder, the Department | ||||||
| 18 | shall renew the certificate if it finds that the limited | ||||||
| 19 | liability company has complied with its regulations and the | ||||||
| 20 | provisions of this Act and the applicable licensing Act. This | ||||||
| 21 | fee for the renewal of a certificate of registration shall be | ||||||
| 22 | calculated at the rate of $40 per year.
The certificate of | ||||||
| 23 | registration shall be conspicuously posted upon the premises to | ||||||
| 24 | which it is applicable, and the limited liability company shall | ||||||
| 25 | have only those offices which are designated by street address | ||||||
| 26 | in the articles of organization, or as changed by amendment of | ||||||
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| 1 | such articles. A certificate of registration shall not be | ||||||
| 2 | assignable. | ||||||
| 3 | (Source: P.A. 96-679, eff. 8-25-09; revised 10-16-09.)".
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