Public Act 095-0507
 		





SB1435 Enrolled
LRB095 10506 LCT 30721 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 adding Section 12.43 as follows:
 
    (805 ILCS 5/12.43  new)
    Sec. 12.43. Administrative dissolution; corporate name. 
The Secretary of State shall not allow another corporation to 
use the name of a domestic corporation that has been 
administratively dissolved until 3 years have elapsed 
following the date of issuance of the
certificate of 
dissolution. If the domestic corporation that has been 
administratively dissolved is reinstated within 3 years after 
the date of issuance of the
certificate of dissolution, the 
domestic corporation shall continue under its previous name 
without impacting its continuous legal status, unless the 
corporation petitions to change its name upon reinstatement.
 
    Section 10. The General Not For Profit Corporation Act of 
1986 is amended by adding Section 112.43 as follows:
 
    (805 ILCS 105/112.43  new)
    Sec. 112.43. Administrative dissolution; corporate name. 
The Secretary of State shall not allow another corporation to 
use the name of a domestic corporation that has been 
administratively dissolved until 3 years have elapsed 
following the date of issuance of the
certificate of 
dissolution.  If the domestic corporation that has been 
administratively dissolved is reinstated within 3 years after 
the date of issuance of the
certificate of dissolution, the 
domestic corporation shall continue under its previous name 
without impacting its continuous legal status, unless the 
corporation petitions to change its name upon reinstatement.
 

    Section 99. Effective date. This Act takes effect upon 
becoming law.






Effective Date:  8/28/2007