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(220 ILCS 5/4-204)
(from Ch. 111 2/3, par. 4-204)
If the Secretary
of State has dissolved or revoked the authority of any domestic or foreign company regulated under this Act to do business in Illinois because that company
has not paid a franchise tax, license fee, filing fee, or penalty required under the
Business Corporation Act of 1983 or under any other Illinois statute governing the formation or organization of domestic or foreign corporations, limited liability companies, partnerships, associations, or other organizations,
franchise, license, permit, or right to engage in any business required
under this Act shall be suspended by operation of law until such time within a one-year period after the date of suspension as the delinquent
franchise tax, license fee, filing fee, or penalty is paid and revoked by operation of law for failure to pay the delinquent franchise tax, license fee, filing fee, or penalty within the one-year suspension period.
(Source: P.A. 100-840, eff. 8-13-18.)