The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein.
Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet.
The English language version is always the official and authoritative version of this website.
NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window.
Synopsis As Introduced Amends the Solicitation for Charity Act. Provides that a trustee, person, or organization who failed to timely file an annual report shall pay a $50 (rather than $100) late filing fee. Effective immediately.
Amends the Limited Liability Company Act. Changes the penalty associated with curing a default. Provides that the default shall be cured before the first day of the second month after the anniversary month of the company instead of 60 days after the due date of the action. Reduces the penalty from $300 plus $100 for each year or fraction thereof beginning with the second year of delinquency to $100 plus $100 for each year of fraction thereof beginning with the second year of delinquency.
Replaces everything after the enacting clause. Amends the Business Corporation Act of 1983 and the General Not For Profit Corporation Act of 1986 in relation to corporate names. Removes a prohibition on the use of "Olympic" and similar words in the corporate name. Amends the Limited Liability Company Act. Changes the penalty associated with curing a default. Provides that the default shall be cured before the first day of the second month after the anniversary month of the company instead of 60 days after the due date of the action. Reduces the penalty from $300 plus $100 for each year or fraction thereof beginning with the second year of delinquency to $100 plus $100 for each year of fraction thereof beginning with the second year of delinquency.
This site is maintained for the Illinois General Assembly
by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster