(760 ILCS 55/5) (from Ch. 14, par. 55)
Sec. 5. Registration requirement.
(a) The Attorney General shall establish and maintain a register of
trustees subject to this Act and of the particular trust or other
relationship under which they hold property for charitable purposes and, to
that end, shall conduct whatever investigation is necessary, and shall
obtain from public records, court officers, taxing authorities, trustees
and other sources, copies of instruments, reports and records and whatever
information is needed for the establishment and maintenance of the
register.
(b) A registration statement shall be signed and verified under
penalty of perjury by 2 officers of a corporate charitable organization or
by 2 trustees if not a corporate organization. One signature will be
accepted if there is only one officer or one trustee.
A registration fee of $15 shall be paid with each initial registration.
If a person, trustee or organization fails to maintain a registration of a
trust or organization as required by this Act, and its registration is
cancelled as provided in this Act, and if that trust or organization remains in
existence and by law is required to be registered, in order to re-register, a
new registration must be filed accompanied by required financial reports, and
in all instances where re-registration is required, submitted, and allowed, the
new re-registration materials must be filed, accompanied by
a
re-registration fee of $200.
(c) If a person or trustee fails to register or maintain registration of
a trust or organization or fails to file reports as provided in this
Act, the person or trustee
is subject to injunction, to removal, to account, and to appropriate other
relief before a court of competent jurisdiction exercising chancery
jurisdiction.
In the event of such action, the court may impose a civil penalty of not less than $500 nor more than $1,000
against the organization or trust estate that failed to register or to maintain a
registration required under this Act. The collected penalty shall be used for
charitable trust enforcement and for providing charitable trust information to
the public.
(Source: P.A. 97-813, eff. 7-13-12.)
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