(805 ILCS 5/Art. 13 heading)
(805 ILCS 5/13.05) (from Ch. 32, par. 13.05)
Sec. 13.05.
Admission of foreign corporation.
Except as provided in Article V of the Illinois Insurance Code, a foreign
corporation organized for profit, before it transacts business
in this State, shall procure authority so to do from the
Secretary of State. A foreign corporation
organized for profit,
upon
complying with the provisions of this Act, may secure from the Secretary
of State the authority to transact business in this
State, but
no foreign corporation shall be entitled to procure
authority under this Act to act as trustee, executor, administrator,
administrator to collect, or guardian, or in any other like
fiduciary capacity in this State or to transact in this State the business
of banking, insurance, suretyship, or a business of the character of a
building and loan corporation.
A foreign professional
service corporation may secure authority to transact
business
in this State from the Secretary of State upon complying with this Act and
demonstrating compliance with the Act regulating the professional service
to be rendered by the professional service corporation.
However, no foreign professional service corporation shall be granted authority unless it complies with the requirements of the
Professional Service Corporation Act concerning ownership and control by
specified licensed professionals. These professionals must be licensed in the
state of domicile or this State.
A foreign corporation
shall not be denied authority by reason of the fact that
the
laws of the state
under which such corporation is organized governing its organization and
internal affairs differ from the laws of this State, and nothing in this
Act contained shall be construed to authorize this State to regulate the
organization or the internal affairs of such corporation.
(Source: P.A. 91-593, eff. 8-14-99; 92-33, eff. 7-1-01.)
(805 ILCS 5/13.10) (from Ch. 32, par. 13.10)
Sec. 13.10.
Powers of foreign corporation.
No foreign corporation shall transact in this State any business which a
corporation organized under the laws of this State is not permitted to
transact. A foreign corporation which shall have received
authority to transact business under this Act shall, until a certificate of
revocation has been issued or an application for
withdrawal shall have been filed as provided in this Act, enjoy
the same,
but no greater, rights and privileges as a domestic corporation organized
for the purposes set forth in the application pursuant to which such authority
is granted; and, except as in
Section 13.05 otherwise
provided with respect to the organization and internal affairs of a foreign
corporation and except as elsewhere in this Act otherwise
provided, shall be subject to the same duties, restrictions, penalties, and
liabilities now or hereafter imposed upon a domestic corporation of like
character.
(Source: P.A. 92-33, eff. 7-1-01.)
(805 ILCS 5/13.15) (from Ch. 32, par. 13.15)
Sec. 13.15.
Application for authority.
(a) A foreign corporation, in order to procure authority
to
transact business in this State, shall execute and file in duplicate an
application therefor, in accordance with Section 1.10 of this Act, and shall
also file a copy of its articles of incorporation and all amendments thereto,
duly authenticated by the proper officer of the state or country wherein
it is incorporated. Such application shall set forth:
(b) Such application shall be made on forms prescribed and furnished by the
Secretary of State.
(c) When the provisions of this Section have been complied with, the
Secretary
of State shall file the application for
authority.
(Source: P.A. 92-33, eff. 7-1-01.)
(805 ILCS 5/13.20) (from Ch. 32, par. 13.20)
Sec. 13.20.
Effect of authority.
Upon the filing of the application for
authority by the Secretary of
State, the corporation shall have the right to transact business in this
State for those purposes set forth in its application, subject, however, to
the right of this State to revoke such right to transact business in this
State as provided in this Act.
(Source: P.A. 92-33, eff. 7-1-01.)
(805 ILCS 5/13.25) (from Ch. 32, par. 13.25)
Sec. 13.25.
Change of name by foreign corporation.
Whenever a foreign corporation which is admitted to transact business in
this State shall change its name to one under which
authority to transact business in this State would not be granted to it on
application therefor, the authority of such corporation to transact
business in this State shall be suspended and it shall not thereafter
transact any business in this State until it has changed its name to a name
which is available to it under the laws of this State or until it has adopted
an assumed corporate name in accordance with Section 4.15 of this Act.
(Source: P.A. 92-33, eff. 7-1-01.)
(805 ILCS 5/13.30) (from Ch. 32, par. 13.30)
Sec. 13.30.
Amendment to articles of incorporation of foreign corporation.
Each foreign corporation authorized to transact business in this State,
whenever its articles of incorporation are amended, shall forthwith file in
the office of the Secretary of State a copy of such amendment duly
authenticated by the proper officer of the State or country under the laws
of which such corporation is organized; but the filing thereof shall not of
itself enlarge or alter the purpose or purposes which such corporation is
authorized to pursue in the transaction of business in this State, nor
authorize such corporation to transact business in this State under any
other name than the name set forth in its application for authority, nor
extend the duration of its corporate existence.
(Source: P.A. 92-33, eff. 7-1-01.)
(805 ILCS 5/13.35) (from Ch. 32, par. 13.35)
Sec. 13.35.
Merger of foreign corporation authorized to transact business in
this state.
Whenever a foreign corporation authorized to transact business in this
State shall be a party to a statutory merger permitted by the laws of the
state or country under which it is organized, and such corporation shall be
the surviving corporation, it shall forthwith file with the Secretary of
State a copy of the articles of merger duly authenticated by the proper
officer of the state or country under the laws of which such statutory
merger was effected; and it shall not be necessary for such corporation to
procure either new or amended authority to
transact
business in this State unless the name of such corporation or the duration
of its corporate existence be changed thereby or unless the corporation
desires to pursue in this State other or additional purposes than those
which it is then authorized to transact in this State.
(Source: P.A. 92-33, eff. 7-1-01.)
(805 ILCS 5/13.40) (from Ch. 32, par. 13.40)
Sec. 13.40.
Amended authority.
A foreign corporation authorized to transact business in this State
shall secure amended authority to do so in the
event it changes
its corporate name, changes the duration of its corporate existence, or
desires to pursue in this State other or additional purposes than those
set forth in its prior application for authority, by
making application therefor to the Secretary of State.
The application shall set forth:
(Source: P.A. 92-33, eff. 7-1-01; 93-59, eff. 7-1-03.)
(805 ILCS 5/13.45) (from Ch. 32, par. 13.45)
Sec. 13.45. Withdrawal of foreign corporation. A foreign corporation
authorized to transact business in this State may withdraw from this State
upon filing with the Secretary of State an application for withdrawal. In
order to procure such withdrawal, the foreign corporation shall:
The application for withdrawal and the final report shall be made
on forms prescribed and furnished by the Secretary of State.
When the corporation has complied with
subsection (a) of this Section, the Secretary
of State shall file the application for
withdrawal and mail a copy of the application to the corporation or its
representative. If the provisions of
subsection (b) of this Section have been followed, the
Secretary of State shall file the copy of the articles of dissolution in his
or her office.
Upon the filing of the application for withdrawal or copy of the articles of
dissolution, the authority
of the corporation to transact business in this State shall cease.
(Source: P.A. 100-561, eff. 7-1-18.)
(805 ILCS 5/13.50) (from Ch. 32, par. 13.50)
Sec. 13.50. Grounds for revocation of authority. The authority of a foreign corporation to transact
business in this State may be revoked by the Secretary of State:
(a) Upon the failure of an officer or director to whom
interrogatories have been propounded by the Secretary of State as
provided in this Act, to answer the same fully and to file such answer
in the office of the Secretary of State.
(b) If the answer to such interrogatories discloses, or if the fact
is otherwise ascertained, that the proportion of the sum of the paid-in
capital of such corporation represented in this
State is greater than the amount on which such corporation has
theretofore paid fees and franchise taxes, and the deficiency therein is
not paid.
(c) If the corporation for a period of one year has transacted no
business and has had no tangible property in this State as revealed by
its annual reports.
(d) Upon the failure of the corporation to keep on
file in the office of the Secretary of State duly authenticated copies
of each amendment to its articles of incorporation.
(e) Upon the failure of the corporation to appoint
and maintain a registered agent in this State.
(f) (Blank).
(g) Upon the failure of the corporation to file any report
after the period prescribed by this Act for the filing of
such report.
(h) Upon the failure of the corporation to pay any
fees, franchise taxes, or charges prescribed by this Act.
(i) For misrepresentation of any material matter in any application,
report, affidavit, or other document filed by such corporation pursuant
to this Act.
(j) Upon the failure of the corporation to renew its assumed name or to
apply to change its assumed name pursuant to the provisions of this Act,
when the corporation can only transact business within this State under
its assumed name in accordance with the provisions of Section 4.05 of this Act.
(k) When under the provisions of the "Consumer Fraud and Deceptive Business
Practices Act" a court has found that the corporation substantially and
willfully violated such Act.
(l) Upon tender of payment to the Secretary of State which is subsequently
returned due to insufficient funds, a closed account, or any other reason, and
acceptable
payment has not been subsequently tendered.
(m) When the Secretary of State receives a copy of a memorandum of judgment relating to a judgment entered for money owed to a unit of local government or school district, together with a statement filed by its attorney that the judgment has not been satisfied and that no appeal has been filed.
(Source: P.A. 95-515, eff. 8-28-07; 96-1121, eff. 1-1-11.)
(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.)
(805 ILCS 5/13.60) (from Ch. 32, par. 13.60)
Sec. 13.60. Reinstatement following revocation.
(a) A foreign corporation
revoked under Section 13.55 may be reinstated by the Secretary of State
following the date of issuance of the certificate of
revocation upon:
(b) The application for reinstatement shall be executed and filed in
duplicate
in accordance with Section 1.10 of this Act and shall set forth:
(c) When a revoked corporation has complied with the provisions of this
Section, the Secretary of State shall file the application for reinstatement.
(d) Upon the filing of the application for reinstatement, the authority
of the corporation to transact business in this State shall be deemed to
have continued without interruption from the date of the issuance of the
certificate of revocation, and the corporation shall stand revived as if
its authority had not been revoked; and all acts and proceedings
of its officers, directors and shareholders, acting or purporting to act
as such, which would have been legal and valid but for such revocation,
shall stand ratified and confirmed.
(Source: P.A. 94-605, eff. 1-1-06.)
(805 ILCS 5/13.65) (from Ch. 32, par. 13.65)
Sec. 13.65.
Application to corporations heretofore qualified to transact
business in
this state.
Foreign corporations which have been duly authorized to transact
business in this State at the time this Act takes effect, for a purpose or
purposes for which a corporation might secure such authority under this
Act, shall, subject to the limitations set forth in their respective
certificates of authority, be entitled to all the rights and privileges
applicable to foreign corporations procuring authority to transact business
in this State under this Act, and from the time this Act takes effect such
corporation shall be subject to all the limitations, restrictions,
liabilities, and duties prescribed herein for foreign corporations
procuring under this Act authority to transact business in this State.
(Source: P.A. 83-1025.)
(805 ILCS 5/13.70) (from Ch. 32, par. 13.70)
Sec. 13.70. Transacting business without authority.
(a) No foreign corporation transacting business in this State without
authority to do so is permitted to maintain a civil
action in any
court of this State, until the corporation obtains that
authority. Nor shall a civil action be maintained in any court of this
State by any successor or assignee of the corporation on any right, claim
or demand arising out of the transaction of business by the corporation in
this State, until authority to transact business in this
State is obtained by the
corporation or by a corporation that has acquired all or substantially all
of its assets.
(b) The failure of a foreign corporation to obtain
authority to transact business in this State does not impair the validity
of any contract or act of the corporation, and does not prevent the
corporation from defending any action in any court of this State.
(c) A foreign corporation that transacts business in this State without authority is liable to this State, for the years or parts
thereof during which it transacted business in this State without authority, in an amount equal to all fees, franchise taxes,
penalties and other charges that would have been imposed by this Act upon
the corporation had it duly applied for and received
authority to transact business in this State as required by this Act, but
failed to pay the franchise taxes that would have been computed thereon,
and thereafter filed all reports required by this Act; and, if a
corporation fails to file an application for
authority within 60 days
after it commences business in this State, in addition
thereto it is liable for a penalty of either 10% of the filing fee,
license fee and franchise taxes or $200 plus $5.00 for each month or
fraction thereof in which it has continued to transact business in this
State without authority therefor, whichever penalty is
greater. The Attorney General shall bring proceedings to recover all
amounts due this State under this Section.
(d) The Attorney General shall bring an action to restrain a foreign corporation from transacting business in this State, if the authority of the foreign corporation to transact business has been revoked under subsection (m) of Section 13.50 of this Act.
(Source: P.A. 95-515, eff. 8-28-07.)
(805 ILCS 5/13.75)
Sec. 13.75.
Activities that do not constitute transacting business.
Without excluding other activities that may not constitute doing business in
this State, a foreign corporation shall not be considered to be transacting
business in this State, for purposes of this Article 13, by reason of carrying
on in this State any one or more of the following activities:
(Source: P.A. 93-59, eff. 7-1-03.)
Structure Illinois Compiled Statutes
Chapter 805 - BUSINESS ORGANIZATIONS
805 ILCS 5/ - Business Corporation Act of 1983.
Article 1 - General Provisions
Article 2 - Formation Of Corporations
Article 2A - Close Corporations
Article 3 - Purposes And Powers
Article 8 - Directors And Officers
Article 11 - Merger And Consolidation - Dissenters' Rights
Article 12 - Dissolution And Remedies
Article 13 - Foreign Corporations