Bill Text: IL HB3139 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the General Not For Profit Corporation Act of 1986. Provides that in its annual report filed with the Secretary of State, a domestic or foreign corporation shall include the aggregated demographic information of its directors and officers, including race, ethnicity, gender, disability status, veteran status, sexual orientation, and gender identity. Provides that no later than 30 calendar days after filing the annual report with the Secretary of State, a corporation shall post to the corporation's publicly available website, if one exists, the aggregated demographic information of the corporation's directors and officers. Effective January 1, 2024.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Introduced) 2023-03-20 - Added Co-Sponsor Rep. Aarón M. Ortíz [HB3139 Detail]
Download: Illinois-2023-HB3139-Introduced.html
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| 1 | AN ACT concerning business.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The General Not For Profit Corporation Act of | |||||||||||||||||||||
| 5 | 1986 is amended by changing Section 114.05 and by adding | |||||||||||||||||||||
| 6 | Section 114.15 as follows:
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| 7 | (805 ILCS 105/114.05) (from Ch. 32, par. 114.05)
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| 8 | Sec. 114.05. Annual report of domestic or foreign
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| 9 | corporation. Each domestic corporation organized under this
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| 10 | Act, and each foreign corporation authorized to conduct
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| 11 | affairs in this State, shall file, within the time
prescribed | |||||||||||||||||||||
| 12 | by this Act, an annual report setting forth:
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| 13 | (a) The name of the corporation.
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| 14 | (b) The address, including street and number, or rural | |||||||||||||||||||||
| 15 | route number, of
its registered office in this State, and | |||||||||||||||||||||
| 16 | the name of its
registered agent at such address.
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| 17 | (c) The address, including street and number, or rural | |||||||||||||||||||||
| 18 | route number, of
its principal office.
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| 19 | (d) The names and respective addresses,
including | |||||||||||||||||||||
| 20 | street and number, or rural route number, of its directors | |||||||||||||||||||||
| 21 | and
officers.
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| 22 | (e) A brief statement of the character of the affairs | |||||||||||||||||||||
| 23 | which the
corporation is actually conducting from among | |||||||||||||||||||||
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| 1 | the purposes authorized in
Section 103.05 of this Act.
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| 2 | (f) Whether the corporation is a Condominium | ||||||
| 3 | Association as
established
under the Condominium Property | ||||||
| 4 | Act, a Cooperative Housing Corporation
defined in Section | ||||||
| 5 | 216 of the Internal Revenue Code of 1954 or a Homeowner
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| 6 | Association which administers a common-interest community | ||||||
| 7 | as defined in
subsection (c) of Section 9-102 of the Code | ||||||
| 8 | of Civil Procedure.
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| 9 | (g) Such additional information as may be necessary or
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| 10 | appropriate in order to enable the Secretary of State to
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| 11 | administer this Act and to verify the proper amount of | ||||||
| 12 | fees
payable by the corporation.
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| 13 | (h) The aggregated demographic information of the | ||||||
| 14 | corporation's directors and officers, including race, | ||||||
| 15 | ethnicity, gender, disability status, veteran status, | ||||||
| 16 | sexual orientation, and gender identity. | ||||||
| 17 | Such annual report shall be made on forms prescribed and
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| 18 | furnished by the Secretary of State, and the information
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| 19 | therein required by subsections (a) to (d), both inclusive,
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| 20 | and subsection (h) of this Section, shall be given as of the | ||||||
| 21 | date of the
execution of the annual report. It shall be | ||||||
| 22 | executed by the
corporation by any authorized officer and | ||||||
| 23 | verified by him or
her, or, if the corporation is in the hands | ||||||
| 24 | of a receiver or
trustee, it shall be executed on behalf of the | ||||||
| 25 | corporation
and verified by such receiver or trustee.
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| 26 | (Source: P.A. 101-578, eff. 8-26-19.)
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| 1 | (805 ILCS 105/114.15 new) | ||||||
| 2 | Sec. 114.15. Posting demographic information. No later | ||||||
| 3 | than 30 calendar days after filing the annual report with the | ||||||
| 4 | Secretary of State, a corporation shall post to the | ||||||
| 5 | corporation's publicly available website, if one exists, the | ||||||
| 6 | aggregated demographic information of the corporation's | ||||||
| 7 | directors and officers as described in subsection (h) of | ||||||
| 8 | Section 114.05. The aggregated demographic information shall | ||||||
| 9 | be accessible on the corporation's publicly available website | ||||||
| 10 | for at least 5 years after it is posted. A corporation that | ||||||
| 11 | posts the full annual report on its website fulfills this | ||||||
| 12 | posting requirement.
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| 13 | Section 99. Effective date. This Act takes effect January | ||||||
| 14 | 1, 2024.
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