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Business-foreign Corps

It became law on Aug 28, 2007.

IL SB 1576 · Senate Bill · 95th

Stage
Became law
Started in
Senate
Sponsor
1
Latest action
Aug 28, 2007

What it does

Amends the Business Corporation Act of 1983 and the Limited Liability Company Act. Revokes the authority of a foreign corporation or foreign limited liability company to transact business in this State 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. Authorizes the Attorney General to bring an action to restrain a foreign corporation or foreign limited liability company from transacting business in this State, if that authority has been revoked under…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Aug 28, 2007

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Illinois.

Work with this bill

BUSINESS-FOREIGN CORPS | 52