101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB5120

 

Introduced 2/18/2020, by Rep. Tom Demmer

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 5/13.35  from Ch. 32, par. 13.35

    Amends the Business Corporation Act of 1983. Makes a technical change is a Section concerning mergers.


LRB101 19035 JLS 68495 b

 

 

A BILL FOR

 

HB5120LRB101 19035 JLS 68495 b

1    AN ACT concerning business.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Business Corporation Act of 1983 is amended
5by changing Section 13.35 as follows:
 
6    (805 ILCS 5/13.35)  (from Ch. 32, par. 13.35)
7    Sec. 13.35. Merger of foreign corporation authorized to
8transact business in this state. Whenever a foreign corporation
9authorized to transact business in this State shall be a party
10to a statutory merger permitted by the laws of the state or
11country under which it is organized, and such corporation shall
12be the surviving corporation, it shall forthwith file with the
13Secretary of State a copy of the articles of merger duly
14authenticated by the proper officer of the state or country
15under the laws of which such such statutory merger was
16effected; and it shall not be necessary for such corporation to
17procure either new or amended authority to transact business in
18this State unless the name of such corporation or the duration
19of its corporate existence be changed thereby or unless the
20corporation desires to pursue in this State other or additional
21purposes than those which it is then authorized to transact in
22this State.
23(Source: P.A. 92-33, eff. 7-1-01.)