Sen. John J. Cullerton

Filed: 4/19/2010

 

 


 

 


 
09600HB4976sam001 LRB096 17835 DRJ 40309 a

1
AMENDMENT TO HOUSE BILL 4976

2     AMENDMENT NO. ______. Amend House Bill 4976 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Limited Liability Company Act is amended by
5 changing Section 1-28 as follows:
 
6     (805 ILCS 180/1-28)
7     Sec. 1-28 1-26. Certificate of Registration; Department of
8 Financial and Professional Regulation. This This Section
9 applies only to a limited liability company that intends to
10 provide, or does provide, professional services that require
11 the individuals engaged in the profession to be licensed by the
12 Department of Financial and Professional Regulation. A limited
13 liability company covered by this Section shall not open,
14 operate, or maintain an establishment for any of the purposes
15 for which a limited liability company may be organized under
16 this Act without obtaining a certificate of registration from

 

 

09600HB4976sam001 - 2 - LRB096 17835 DRJ 40309 a

1 the Department.
2     Application for such registration shall be made in writing
3 and shall contain the name and address of the limited liability
4 company and such other information as may be required by the
5 Department. Upon receipt of such application, the Department
6 shall make an investigation of the limited liability company.
7 If the Department finds that the organizers, managers, and
8 members are each licensed pursuant to the laws of Illinois to
9 engage in the particular profession or related professions
10 involved (except that an initial organizer may be a licensed
11 attorney) and if no disciplinary action is pending before the
12 Department against any of them and if it appears that the
13 limited liability company will be conducted in compliance with
14 the law and the rules and regulations of the Department, the
15 Department shall issue, upon payment of a registration fee of
16 $50, a certificate of registration.
17     Upon written application of the holder, the Department
18 shall renew the certificate if it finds that the limited
19 liability company has complied with its regulations and the
20 provisions of this Act and the applicable licensing Act. This
21 fee for the renewal of a certificate of registration shall be
22 calculated at the rate of $40 per year. The certificate of
23 registration shall be conspicuously posted upon the premises to
24 which it is applicable, and the limited liability company shall
25 have only those offices which are designated by street address
26 in the articles of organization, or as changed by amendment of

 

 

09600HB4976sam001 - 3 - LRB096 17835 DRJ 40309 a

1 such articles. A certificate of registration shall not be
2 assignable.
3 (Source: P.A. 96-679, eff. 8-25-09; revised 10-16-09.)".