Illinois – Legislation Amends Business Corporations Act

Senate Bill 116 (Public Act 282) signed by the governor and effective August 6 amends the Business Corporations Act regarding directors meetings by remote communications, reports of interim changes of domestic and foreign corporations with filing fee of $50.00, changes to franchise taxes payable by domestic corporations, and revocation and reinstatement of terminated LLCs.  The bill text can be accessed at  https://www.ilga.gov/legislation/fulltext.aspDocName=&SessionId=110&GA=102&DocTypeId=SB&DocNum=116&GAID=16&LegID=128457&SpecSess=&Session

Jurisdictional Updates 8-12-21