Illinois General Assembly - Full Text of HB1070
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Full Text of HB1070  98th General Assembly




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1    AN ACT concerning business.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The General Not For Profit Corporation Act of
51986 is amended by changing Section 103.05 as follows:
6    (805 ILCS 105/103.05)  (from Ch. 32, par. 103.05)
7    Sec. 103.05. Purposes and authority of corporations;
8particular purposes; exemptions.
9    (a) Not-for-profit corporations may be organized under
10this Act for any one or more of the following or similar
12        (1) Charitable.
13        (2) Benevolent.
14        (3) Eleemosynary.
15        (4) Educational.
16        (5) Civic.
17        (6) Patriotic.
18        (7) Political.
19        (8) Religious.
20        (9) Social.
21        (10) Literary.
22        (11) Athletic.
23        (12) Scientific.



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1        (13) Research.
2        (14) Agricultural.
3        (15) Horticultural.
4        (16) Soil improvement.
5        (17) Crop improvement.
6        (18) Livestock or poultry improvement.
7        (19) Professional, commercial, industrial, or trade
8    association.
9        (20) Promoting the development, establishment, or
10    expansion of industries.
11        (21) Electrification on a cooperative basis.
12        (22) Telephone service on a mutual or cooperative
13    basis.
14        (23) Ownership and operation of water supply
15    facilities for drinking and general domestic use on a
16    mutual or cooperative basis.
17        (24) Ownership or administration of residential
18    property on a cooperative basis.
19        (25) Administration and operation of property owned on
20    a condominium basis or by a homeowner association.
21        (26) Administration and operation of an organization
22    on a cooperative basis producing or furnishing goods,
23    services, or facilities primarily for the benefit of its
24    members who are consumers of those goods, services, or
25    facilities.
26        (27) Operation of a community mental health board or



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1    center organized pursuant to the Community Mental Health
2    Act for the purpose of providing direct patient services.
3        (28) Provision of debt management services as
4    authorized by the Debt Management Service Act.
5        (29) Promotion, operation, and administration of a
6    ridesharing arrangement as defined in Section 1-176.1 of
7    the Illinois Vehicle Code.
8        (30) The administration and operation of an
9    organization for the purpose of assisting low-income
10    consumers in the acquisition of utility and telephone
11    services.
12        (31) Any purpose permitted to be exempt from taxation
13    under Sections 501(c) or 501(d) of the United States
14    Internal Revenue Code, as now in or hereafter amended.
15        (32) Any purpose that would qualify for tax-deductible
16    gifts under the Section 170(c) of the United States
17    Internal Revenue Code, as now or hereafter amended. Any
18    such purpose is deemed to be charitable under subsection
19    (a)(1) of this Section.
20        (33) Furnishing of natural gas on a cooperative basis.
21        (34) Ownership and operation of agriculture-based
22    biogas (anaerobic digester) systems on a cooperative basis
23    including the marketing and sale of products produced from
24    these, including but not limited to methane gas,
25    electricity, and compost.
26    (b) A corporation may be organized hereunder to serve in an



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1area that adjoins or borders (except for any intervening
2natural watercourse) an area located in an adjoining state
3intended to be similarly served, and the corporation may join
4any corporation created by the adjoining state having an
5identical purpose and organized as a not-for-profit
6corporation. Whenever any corporation organized under this Act
7so joins with a foreign corporation having an identical
8purpose, the corporation shall be permitted to do business in
9Illinois as one corporation; provided (1) that the name, bylaw
10provisions, officers, and directors of each corporation are
11identical, (2) that the foreign corporation complies with the
12provisions of this Act relating to the admission of foreign
13corporation, and (3) that the Illinois corporation files a
14statement with the Secretary of State indicating that it has
15joined with a foreign corporation setting forth the name
16thereof and the state of its incorporation.
17(Source: P.A. 94-738, eff. 5-4-06.)
18    Section 99. Effective date. This Act takes effect upon
19becoming law.