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Jurisdictional Updates 8-12-21

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