(220 ILCS 5/4-204) (from Ch. 111 2/3, par. 4-204)
Sec. 4-204.
Whenever the Commission receives notice from the Secretary
of State that any domestic or foreign corporation regulated under this Act
has not paid a franchise tax, license fee or penalty required under The
Business Corporation Act of 1983, approved January 5, 1984, as amended,
then the Commission shall institute proceedings for the revocation of the
franchise, license, permit or right to engage in any business required
under this Act or the suspension thereof until such time as the delinquent
franchise tax, license fee or penalty is paid.
(Source: P.A. 84-617.)
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