Bill Text: IL HB5120 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Business Corporation Act of 1983. Makes a technical change is a Section concerning mergers.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-02-18 - Referred to Rules Committee [HB5120 Detail]

Download: Illinois-2019-HB5120-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB5120 Introduced , by Rep. Tom Demmer SYNOPSIS AS INTRODUCED:
805 ILCS 5/13.35 from Ch. 32, par. 13.35
Amends the Business Corporation Act of 1983. Makes a technical change is a Section concerning mergers.
LRB101 19035 JLS 68495 b
A BILL FOR
HB5120 LRB101 19035 JLS 68495 b
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Business Corporation Act of 1983 is amended
by changing Section 13.35 as follows:
(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 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.)