Illinois General Assembly - Illinois Compiled Statutes

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805 ILCS 315/25

(805 ILCS 315/25) (from Ch. 32, par. 464)

Sec. 25.

Any co-operative association with or without capital stock as
defined in this Act heretofore or hereafter organized under laws of another
State shall be allowed to carry on any proper activities, operations and
functions in this State upon filing with the Secretary of State all
necessary certificates as required under the general regulations applicable
to foreign corporations, and upon payment of a filing fee of ten dollars
($10.00) and an annual fee of ten dollars ($10.00) in lieu of all
franchise, license or corporation taxes as required of associations
organized hereunder, and all contracts which could be made by any
association organized hereunder, made by or with such association shall be
legal and valid and enforceable in this State with all of the remedies set
forth in this Act. Any foreign co-operative association having qualified to
do business within this State shall file
annual reports with the Director of Agriculture in the manner and form
provided for in Section 21 of this Act.
The association shall file with the Director of Agriculture
duplicate certificates as filed with the Secretary of State by a foreign
co-operative association qualified to do business within this State under this
Act.

(Source: P.A. 93-197, eff. 7-14-03.)