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Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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805 ILCS 317/61

    (805 ILCS 317/61)
    Sec. 61. Grounds for administrative dissolution. The Secretary of State may dissolve any limited worker cooperative association administratively if:
        (1) it has failed to file its annual report and pay
its fee as required by this Act before the first day of the anniversary month or has failed to pay any required fees, penalties, or charges;
        (2) it has failed to file in the Office of the
Secretary of State any report after the expiration of the period prescribed for filing the report;
        (3) it has misrepresented any material matter in
any application, report, affidavit, or other document submitted by the limited worker cooperative association;
        (4) it has failed to appoint and maintain a
registered agent in Illinois;
        (5) a director or member to whom interrogatories have
been propounded by the Secretary of State as provided in Section 5-60 of the Limited Liability Company Act fails to answer the interrogatories fully and to timely file the answer in the Office of the Secretary of State; or
        (6) it has tendered payment to the Secretary of State
which is returned due to insufficient funds, a closed account, or for any other reason, and acceptable payment has not been subsequently tendered.
(Source: P.A. 102-351, eff. 8-13-21.)