(805 ILCS 105/101.55)
(from Ch. 32, par. 101.55)
Certain powers reserved to General Assembly.
(a) The General Assembly shall at all times have power to prescribe such
provisions and limitations as it may deem advisable, which
provisions and limitations shall be binding upon any and all
corporations, domestic or foreign, subject to the provisions of this Act,
and the General Assembly shall have power to amend, repeal, or modify this
Act at its pleasure.
(b) The Secretary of State shall have the power to promulgate,
amend or repeal rules and regulations deemed necessary to efficiently
administer this Act. The rules and regulations adopted by the Secretary of State under
this Act shall be effective in the manner provided for in "The Illinois
Administrative Procedure Act", approved September 22, 1975, as amended.
(Source: P.A. 85-1269.)