Illinois Compiled Statutes - Full Text

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Illinois Compiled Statutes - Full Text

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805 ILCS 5/14.35

    (805 ILCS 5/14.35) (from Ch. 32, par. 14.35)
    Sec. 14.35. Report following merger or consolidation.
    (a) Whenever a domestic corporation or a foreign corporation authorized to transact business in this State is the surviving corporation in a statutory merger or whenever a domestic corporation is the new corporation in a consolidation, it shall, within 60 days after the effective date of the event, if the effective date occurs after both December 31, 1990 and the last day of the third month immediately preceding its anniversary month in 1991, execute and file in accordance with Section 1.10 of this Act, a report setting forth:
        (1) The name of the corporation and the state or
    
country under the laws of which it is organized.
        (2) A description of the merger or consolidation.
        (3) A statement itemized by classes and series, if
    
any, within a class of the aggregate number of issued shares of the corporation as last reported to the Secretary of State in any document required to be filed by this Act, other than an annual report, interim annual report, or final transition annual report.
        (4) A statement itemized by classes and series, if
    
any, within a class of the aggregate number of issued shares of the corporation after giving effect to the change.
        (5) A statement, expressed in dollars, of the amount
    
of paid-in capital of the corporation as last reported to the Secretary of State in any document required to be filed by this Act, other than an annual report, interim annual report, or final transition annual report.
        (6) A statement, expressed in dollars, of the amount
    
of paid-in capital of the corporation after giving effect to the merger or consolidation, which amount, except as provided in subsection (f) of Section 9.20 of this Act, must be at least equal to the sum of the paid-in capital amounts of the merged or consolidated corporations before the event.
        (7) Additional information concerning each of the
    
constituent corporations that was a party to a merger or consolidation as may be necessary or appropriate to verify the proper amount of fees and franchise taxes payable by the corporation.
    (b) The report shall be made on forms prescribed and furnished by the Secretary of State.
(Source: P.A. 91-464, eff. 1-1-00; 92-33, eff. 7-1-01.)