(805 ILCS 315/32) (from Ch. 32, par. 471)
Sec. 32.
Each year, within 6
months after the end of the association's fiscal year, each association
organized or qualified to do business within this State under
this Act shall
file an annual report with the Director of Agriculture as required in
Section 21 of this Act, and pay the fees hereinafter required; provided that an
association
organized
or qualified
to do business in this State under this Act shall not be required to file a
balance sheet or income statement
with its annual report until the association has completed one
full fiscal year.
Each association organized hereunder or qualified to do business within
this State shall pay an annual fee of ten dollars ($10.00) only, to the
Department of Agriculture, in lieu of all franchise or license or
corporation taxes or charges upon reserves held by it for members, and in
case of failure, neglect or refusal of any such association to either file
the annual report or pay the fee as required by this Act, it shall be
certified by the Director of Agriculture to the
Secretary of State 9 months after the end of the association's fiscal year for
dissolution in the same manner as is
required under the provisions of the general corporation laws of
this State,
and the Secretary of State shall proceed in like
manner to dissolve such
association or oust it from doing business within the State as is required
under the general corporation laws of this State.
(Source: P.A. 93-197, eff. 7-14-03.)
|