Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(805 ILCS 5/12.20)
(from Ch. 32, par. 12.20)
Articles of dissolution.
(a) When a voluntary dissolution
has been authorized as provided by this Act, articles of dissolution shall
be executed and filed in duplicate in accordance with Section 1.10 of this
Act and shall set forth:
(1) The name of the corporation.
(2) The date dissolution was authorized.
(3) A post-office address to which may be mailed a
copy of any process against the corporation that may be served on the Secretary of State.
(4) A statement of the aggregate number of issued
shares of the corporation itemized by classes and series, if any, within a class, as of the date of execution.
(5) A statement of the amount of paid-in capital of
the corporation as of the date of execution.
(6) Such additional information as may be necessary
or appropriate in order to determine any unpaid fees or franchise taxes payable by such corporation as in this Act prescribed.
(7) Where dissolution is authorized pursuant to
Section 12.05, a statement that a majority of incorporators or majority of directors, as the case may be, have consented to the dissolution and that all provisions of Section 12.05 have been complied with.
(8) Where dissolution is authorized pursuant to
Section 12.10, a statement that the holders of all the outstanding shares entitled to vote on dissolution have consented thereto.
(9) Where dissolution is authorized pursuant to
Section 12.15, a statement that a resolution proposing dissolution has been adopted at a meeting of shareholders by the affirmative vote of the holders of outstanding shares having not less than the minimum number of votes necessary to adopt such resolution as provided by the articles of incorporation.
(b) When the provisions of this Section have been complied with, the
Secretary of State shall file the articles of
(c) The dissolution is effective on the date of the filing of the
articles thereof by the Secretary of State.
(Source: P.A. 92-33, eff. 7-1-01.)