Chapter 805 — BUSINESS ORGANIZATIONS

(805 ILCS 15/5.1) Sec. 5.1. Deposit of fees and fines. Beginning July 1, 2003, all of the fees, civil penalties, and fines collected under this Act shall be deposited into the General Professions Dedicated Fund. (Source: P.A. 99-227, eff. 8-3-15.)

(805 ILCS 15/6) (from Ch. 32, par. 636) Sec. 6. The certificate of registration shall expire on January 1, 2019 and on January 1 of every third year thereafter. Upon written application of the holder, the Department shall renew the certificate of registration if the Department fi…

(805 ILCS 15/6.1) (from Ch. 32, par. 636.1) Sec. 6.1. Any person who on 2 occasions issues or delivers a check or other order to the Department which is not honored by the financial institution upon which it is drawn because of insufficient funds on account, shall pay to the Depa…

(805 ILCS 15/7) (from Ch. 32, par. 637) Sec. 7. The certificate of registration shall be conspicuously posted upon the premises to which it is applicable. (Source: Laws 1963, p. 3513.)

(805 ILCS 15/8) (from Ch. 32, par. 638) Sec. 8. In the event of a change of location of the registered establishment, the corporation shall notify the Department, in accordance with its regulations, and the Department shall amend the certificate of registration so that it shall a…

(805 ILCS 15/9) (from Ch. 32, par. 639) Sec. 9. No certificate of registration shall be assignable. (Source: Laws 1963, p. 3513.)

(805 ILCS 20/0.01) (from Ch. 32, par. 189h) Sec. 0.01. Short title. This Act may be cited as the Dissolution of Corporations Act. (Source: P.A. 86-1324.)

(805 ILCS 20/1) (from Ch. 32, par. 190) Sec. 1. That whenever the board of directors, managers, trustees or officers of any corporation existing by virtue of any general or special law of this state, or any corporation hereafter organized by virtue of any law of this state, has c…

(805 ILCS 20/2) (from Ch. 32. par. 191) Sec. 2. Such proceedings shall be commenced by filing in such court a complaint stating the name and date of the organization of such corporation, the location of its principal office and the names of its directors, managers, trustees or of…

(805 ILCS 20/3) (from Ch. 32, par. 192) Sec. 3. In proceedings under this Act, summons shall issue and be served as in other civil actions, except that service shall be had in the county in which the principal office of such corporation is by its charter located. If process is re…

(805 ILCS 20/4) (from Ch. 32, par. 193) Sec. 4. It shall not be necessary for the Attorney-General to file an affidavit showing such officer or agent of such corporation resides or has gone out of the State, or on due inquiry cannot be found, or is concealed so that process canno…

(805 ILCS 20/5) (from Ch. 32, par. 194) Sec. 5. The practice in proceedings under this Act shall be the same as in other civil cases. (Source: Laws 1935, p. 616.)

(805 ILCS 20/6) (from Ch. 32, par. 195) Sec. 6. Suits and proceedings instituted under the provisions of this act shall be placed upon a separate docket by themselves, and stand for trial upon the call of such docket at such times as the judge thereof may order. (Source: Laws 193…

(805 ILCS 20/7) (from Ch. 32, par. 196) Sec. 7. Upon the hearing of the complaint the court may order a dissolution of such corporation, and upon notice by the Attorney General in writing of such order being filed with the Secretary of State and entered upon the records of his of…

(805 ILCS 20/8) (from Ch. 32, par. 197) Sec. 8. The costs of the court and of publication in proceedings under this act shall be paid out of any moneys in the treasury not otherwise appropriated upon certified fee bills approved by the Attorney General. (Source: Laws 1895, p. 130…

(805 ILCS 25/0.01) (from Ch. 32, par. 367.9) Sec. 0.01. Short title. This Act may be cited as the Corporation Canal Construction Act. (Source: P.A. 86-1324.)

(805 ILCS 25/1) (from Ch. 32, par. 368) Sec. 1. That any company which has been or shall be incorporated under the general law of this State for the purpose of building, operating and maintaining within this State any levee, canal or tunnel for agricultural, mining or sanitary pu…

(805 ILCS 25/2) (from Ch. 32, par. 369) Sec. 2. If any such corporation shall be unable to agree with the owners for the purchase of any real estate necessary for the purpose of its incorporation, for right-of-way or any other lawful purpose connected with or necessary to the con…

(805 ILCS 25/2.05) Sec. 2.05. Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act. (Source: P.A. 94…

(805 ILCS 25/3) (from Ch. 32, par. 370) Sec. 3. Such corporation shall have power- First-To make such examination and survey for the proposed works as may be necessary to the selection of the most advantageous route, and for such purpose may enter, by its officers, agents and ser…

(805 ILCS 30/0.01) (from Ch. 32, par. 398.9) Sec. 0.01. Short title. This Act may be cited as the Gas Company Property Act. (Source: P.A. 86-1324.)

(805 ILCS 30/1) (from Ch. 32, par. 399) Sec. 1. That all gas companies now organized, or hereafter to be organized in this state, are hereby authorized and empowered to sell, transfer and convey or lease their real and personal property, rights, franchises and privileges, in whol…

(805 ILCS 30/10) (from Ch. 32, par. 408) Sec. 10. The purchase and sale or lease, or the consolidation and merger authorized by this act, shall not be held or construed as a violation of the provisions of any ordinance or bond given thereunder, and shall in no way affect suits pe…

(805 ILCS 30/11) (from Ch. 32, par. 409) Sec. 11. Any corporation purchasing or leasing the property of any company or companies, or into which any company or companies are consolidated and merged under this act, shall be, at the time of availing itself of or accepting the benefi…

(805 ILCS 30/12) (from Ch. 32, par. 410) Sec. 12. Any company violating either of the provisions of Section 11 shall be liable in damages therefor to the person aggrieved, and shall, for each offense, forfeit $200, to be recovered in a civil action, in the name of the People of t…

(805 ILCS 30/2) (from Ch. 32, par. 400) Sec. 2. It shall be lawful for any gas companies, now organized or hereafter to be organized in this state, doing business in the same city, town or village, to consolidate and merge into a single corporation, which shall be one of said mer…

(805 ILCS 30/3) (from Ch. 32, par. 401) Sec. 3. All gas companies which are authorized to manufacture and distribute illuminating gas shall have the power to manufacture and distribute gas for fuel purposes and to distribute natural gas, and all companies authorized to distribute…

(805 ILCS 30/4) (from Ch. 32, par. 402) Sec. 4. The purchase and sale or lease, or the consolidation and merger, hereby authorized, may be made in the manner following: The respective boards of directors or trustees of the company or companies proposing to sell and lease its or t…

(805 ILCS 30/5) (from Ch. 32, par. 403) Sec. 5. Before taking effect, the agreement or agreements for sale and purchase or lease, or for such consolidation and merger, authorized by this act, shall be submitted to any annual meeting or to a special meeting of the stockholders of …

(805 ILCS 30/6) (from Ch. 32, par. 404) Sec. 6. At any such annual or special meeting, stockholders may vote in person or by proxy, each stockholder being entitled to one vote for each share of stock held by him, and at such meeting there shall be submitted the proposed agreement…

(805 ILCS 30/7) (from Ch. 32, par. 405) Sec. 7. If any stockholder of any of the companies, parties to the agreement or agreements provided for in section 4, not voting in favor of or not acquiescing in such agreement or agreements, objects to the purchase or lease, or the consol…

(805 ILCS 30/7.5) Sec. 7.5. Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act. (Source: P.A. 94-1…

(805 ILCS 30/8) (from Ch. 32, par. 406) Sec. 8. If the agreement or agreements aforesaid shall be approved at each of such meetings of the respective stockholders of each company separately, in the manner herein described, the same shall be the agreement or agreements of such com…

(805 ILCS 30/9) (from Ch. 32, par. 407) Sec. 9. Any corporation purchasing or leasing the real and personal property of any other company or companies, as provided for in section 1, or any consolidated corporation, as authorized by section 2, shall be subject to and shall perform…

(805 ILCS 35/1) (from Ch. 32, par. 1001) Sec. 1. This Act shall be known and may be cited as the Illinois Development Credit Corporation Act. (Source: Laws 1965, p. 577.)

(805 ILCS 35/10) (from Ch. 32, par. 1010) Sec. 10. Upon the issuance of the certificate of incorporation by the Director, the corporate existence of the development credit corporation begins. The certificate of incorporation is conclusive except as against the State, that all con…

(805 ILCS 35/11) (from Ch. 32, par. 1011) Sec. 11. The articles of incorporation for a development credit corporation organized under the provisions of this Act shall state: (1) The name of the corporation, which name shall include the words "Illinois Development Credit Corporati…

(805 ILCS 35/12) (from Ch. 32, par. 1012) Sec. 12. The articles of incorporation may be amended by a majority vote of the stockholders and members who will vote in accordance with Section 16 of this Act at any regular meeting or at a special meeting called for that purpose. Artic…

(805 ILCS 35/13) (from Ch. 32, par. 1013) Sec. 13. The first annual meeting shall be held as soon as practicable after the issuance of a certificate of incorporation. The first and subsequent annual meetings of stockholders and members shall be called as provided in the bylaws of…

(805 ILCS 35/14) (from Ch. 32, par. 1014) Sec. 14. The management of the affairs of the corporation shall be administered by a board of directors. Until the first meeting of stockholders, the incorporators shall have the powers and perform the duties ordinarily possessed and exer…

(805 ILCS 35/15) (from Ch. 32, par. 1015) Sec. 15. A financial institution may request membership in a development corporation by making application to the board of directors thereof on such form and in such manner as such board of directors may require, and membership shall beco…

(805 ILCS 35/16) (from Ch. 32, par. 1016) Sec. 16. At annual or special meetings of stockholders and members with respect to matters submitted for a vote to such stockholders and members (with the exception of the election of directors which is governed by Sections 13 and 14 of t…

(805 ILCS 35/17) (from Ch. 32, par. 1017) Sec. 17. Each corporation organized under this Act shall have power: (1) To sue and be sued, complain and defend, in its corporate name; (2) To have perpetual succession, unless a limited period of duration is stated in its articles of in…

(805 ILCS 35/18) (from Ch. 32, par. 1018) Sec. 18. All development credit corporations shall possess all applicable powers and privileges granted corporations by the "Business Corporation Act of 1983" and shall be subject to the penal and penalty provisions of that Act except as …

(805 ILCS 35/19) (from Ch. 32, par. 1019) Sec. 19. The corporation shall set apart as an earned surplus at least 50% of its net earnings each year until such earned surplus equals the total of the capital and paid-in surplus then outstanding. Whenever the amount of the earned sur…

(805 ILCS 35/2) (from Ch. 32, par. 1002) Sec. 2. The purpose of this Act is to assist and encourage the development and advancement of the business prosperity and economic welfare of the State, to assist and encourage the expansion of existing industries and the location of new i…

(805 ILCS 35/20) (from Ch. 32, par. 1020) Sec. 20. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depositary by a vote of a majority of the directors, exclusive of any director who is an officer or di…

(805 ILCS 35/21) (from Ch. 32, par. 1021) Sec. 21. The corporation shall be subject to the supervision and examination of the Director and the corporation shall pay the actual expenses of such examination as determined by the Director. The corporation shall make such annual or ot…

(805 ILCS 35/22) (from Ch. 32, par. 1022) Sec. 22. The holders of capital stock as such shall have no preemptive or preferential right to purchase or subscribe for any part of the unissued capital stock of the corporation of any class or for any new issue of stock of any class, w…

(805 ILCS 35/23) (from Ch. 32, par. 1023) Sec. 23. Any corporation organized under this Act, after the payment in full and cancellation of all its bonds and other obligations issued under the provisions of this Act, or after the deposit in trust with the respective trustees desig…