(805 ILCS 5/4.15)
(from Ch. 32, par. 4.15)
Assumed corporate name.
(a) A domestic corporation or a
foreign corporation admitted to transact business or attempting to gain
admission to transact business may elect to adopt an assumed corporate name
that complies with the requirements of paragraphs (2), (3), (4), (5), and (6)
of subsection (a) of Section 4.05 of this Act with respect to corporate names.
(b) As used in this Act, "assumed corporate name" means any corporate
name other than the true corporate name, except that the following shall
not constitute the use of an assumed corporate name under this Act:
(1) the identification by a corporation of its
business with a trademark or service mark of which it is the owner or licensed user; and
(2) the use of a name of a division, not separately
incorporated and not containing the word "corporation", "incorporated", or "limited" or an abbreviation of one of such words, provided the corporation also clearly discloses its corporate name.
(c) Before transacting any business in this State under an assumed corporate
name or names, the corporation shall, for each assumed corporate name, pursuant
to resolution by its board of directors, execute and file in duplicate in
accordance with Section 1.10 of this Act, an application setting forth:
(1) The true corporate name.
(2) The state or country under the laws of which it
(3) That it intends to transact business under an
(4) The assumed corporate name which it proposes to
(d) The right to use an assumed corporate name shall be effective from
the date of filing by the Secretary of State until the first day of the
anniversary month of the corporation that falls within the next calendar
year evenly divisible by 5, however, if an application is filed within
the 2 months immediately preceding the anniversary month of a corporation
that falls within a calendar year evenly divisible by 5, the right
to use the assumed corporate name shall be effective until the first day of the
anniversary month of the corporation that falls within the next succeeding
calendar year evenly divisible by 5.
(e) A corporation shall renew the right to use its assumed corporate name
or names, if any, within the 60 days preceding the expiration of such
right, for a period of 5 years, by making an election to do so at
the time of filing its annual report form and by paying the renewal fee as
prescribed by this Act.
(g) A foreign corporation may not use an assumed or fictitious name in the
conduct of its business to intentionally misrepresent the geographic origin or
location of the corporation within Illinois.
(Source: P.A. 100-753, eff. 1-1-19