Illinois General Assembly - Illinois Compiled Statutes

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.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

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.)