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(805 ILCS 5/13.55) (from Ch. 32, par. 13.55)
Sec. 13.55. Procedure for revocation of authority.
(a) After the Secretary of State determines that one or more grounds exist
under Section 13.50 for the revocation of authority of
a foreign corporation, he or she shall send by regular mail to each delinquent
corporation a Notice of Delinquency to its registered office, or, if the
corporation has failed to maintain a registered office, then to the president
or other principal officer at the last known office of said officer.
(b) If the corporation does not correct the default
described in paragraphs (c) through (k), and paragraph (m), of Section 13.50 within 90 days
following
such notice, the Secretary of State shall thereupon revoke the authority of the
corporation by issuing a certificate of revocation that
recites the grounds for revocation and its effective date.
If the corporation does not correct the default described in paragraph (a),
(b), or (l) of
Section 13.50, within 30 days following such notice, the Secretary of State
shall
thereupon revoke the authority of the corporation by issuing a certificate of
revocation as
herein prescribed.
The Secretary
of State shall file the original of the certificate in his or her office and
mail one copy to the corporation at its registered office
or, if the corporation has failed to maintain a registered office, then to
the president or
other principal officer at the last known office of said officer.
(c) Upon the issuance of the certificate of revocation, the authority
of the corporation to transact business in this State shall cease and such
revoked corporation shall not thereafter carry on any business in this State.
(Source: P.A. 95-515, eff. 8-28-07; 96-1121, eff. 1-1-11.)
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