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Full Text of SB2816
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SB2816 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB2816
Introduced 1/13/2026, by Sen. Michael W. Halpin
SYNOPSIS AS INTRODUCED:
805 ILCS 5/5.05
from Ch. 32, par. 5.05
805 ILCS 105/114.05
from Ch. 32, par. 114.05
805 ILCS 180/5-5
Amends the Business Corporation Act of 1983, the General Not For
Profit Corporation Act of 1986, and the Limited Liability Company Act.
Provides that an entity may use the registered office of its appointed
registered agent as the entity's principal office if: (1) the entity
attests that it has no physical location other than a residential address;
(2) the registered agent maintaining the registered office consents to the
use of the address as the entity's principal office; and (3) the entity
provides the Secretary of State with the physical address of at least one
officer or director, which shall not be made available to the public.
LRB104 16705 SPS 30110 b
A BILL FOR
SB2816
LRB104 16705 SPS 30110 b
1
AN ACT concerning business.
2
Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:
4
Section 5.
The Business Corporation Act of 1983 is amended
5
by changing Section 5.05 as follows:
6
(805 ILCS 5/5.05)
(from Ch. 32, par. 5.05)
7
Sec. 5.05.
Registered office and registered agent.
8
(a)
Each domestic corporation and each foreign corporation
9
having authority to transact business in this State shall have
10
and continuously maintain in this State:
11
(1)
(a)
A registered office which may be, but need not
12
be, the same as its place of business in this State.
13
(2)
(b)
A registered agent, which agent may be either
14
an individual, resident in this State, whose business
15
office is identical with such registered office, or a
16
domestic or foreign corporation, limited liability
17
company, limited partnership, or limited liability
18
partnership authorized to transact business in this State
19
that is authorized by its statement of purpose to act as
20
such agent, having a business office identical with such
21
registered office.
22
(3)
(c)
The address, including street and number, or
23
rural route number, of the initial registered office, and
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LRB104 16705 SPS 30110 b
1
the name of the initial registered agent of each
2
corporation organized under this Act shall be stated in
3
its articles of incorporation; and of each foreign
4
corporation shall be stated in its application for
5
authority to transact business in this State.
6
(b) A corporation may use the registered office of its
7
appointed registered agent as the corporation's principal
8
office if:
9
(1) the corporation attests that it has no physical
10
location other than a residential address;
11
(2) the registered agent maintaining the registered
12
office consents to the use of the address as the
13
corporation's principal office; and
14
(3) the corporation provides the Secretary of State
15
with the physical address of at least one officer or
16
director, which shall not be made available to the public.
17
(c)
In the event of dissolution of a corporation, either
18
voluntary, administrative, or judicial, the registered agent
19
and the registered office of the corporation on record with
20
the Secretary of State on the date of the issuance of the
21
certificate or judgment of dissolution shall be an agent of
22
the corporation upon whom claims can be served or service of
23
process can be had during the 5-year, post-dissolution period
24
provided in Section 12.80 of this Act, unless such agent
25
resigns or the corporation properly reports a change of
26
registered office or registered agent.
SB2816
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LRB104 16705 SPS 30110 b
1
In the event of revocation of the authority of a foreign
2
corporation to transact business in this State, the registered
3
agent and the registered office of the corporation on record
4
with the Secretary of State on the date of the issuance of the
5
certificate of revocation shall be an agent of the corporation
6
upon whom claims can be served or service of process can be
7
had, unless such agent resigns.
8
(Source: P.A. 96-988, eff. 7-2-10; 97-333, eff. 8-12-11.)
9
Section 10.
The General Not For Profit Corporation Act of
10
1986 is amended by changing Section 114.05 as follows:
11
(805 ILCS 105/114.05)
(from Ch. 32, par. 114.05)
12
Sec. 114.05.
Annual report of domestic or foreign
13
corporation.
14
(a)
Annual report of domestic or foreign corporation.
Each
15
domestic corporation organized under this Act, and each
16
foreign corporation authorized to conduct affairs in this
17
State, shall file, within the time prescribed by this Act, an
18
annual report setting forth:
19
(1)
(a)
The name of the corporation.
20
(2)
(b)
The address, including street and number, or
21
rural route number, of its registered office in this
22
State, and the name of its registered agent at such
23
address.
24
(3)
(c)
The address, including street and number, or
SB2816
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LRB104 16705 SPS 30110 b
1
rural route number, of its principal office.
2
(4)
(d)
The names and respective addresses, including
3
street and number, or rural route number, of its directors
4
and officers.
5
(5)
(e)
A brief statement of the character of the
6
affairs which the corporation is actually conducting from
7
among the purposes authorized in Section 103.05 of this
8
Act.
9
(6)
(f)
Whether the corporation is a Condominium
10
Association as established under the Condominium Property
11
Act, a Cooperative Housing Corporation defined in Section
12
216 of the Internal Revenue Code of 1954 or a Homeowner
13
Association which administers a common-interest community
14
as defined in subsection (c) of Section 9-102 of the Code
15
of Civil Procedure.
16
(7)
(g)
Such additional information as may be
17
necessary or appropriate in order to enable the Secretary
18
of State to administer this Act and to verify the proper
19
amount of fees payable by the corporation.
20
Such annual report shall be made on forms prescribed and
21
furnished by the Secretary of State, and the information
22
therein required by
paragraphs (1) to (4)
subsections (a) to
23
(d)
, both inclusive, of this Section, shall be given as of the
24
date of the execution of the annual report. It shall be
25
executed by the corporation by any authorized officer and
26
verified by him or her, or, if the corporation is in the hands
SB2816
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LRB104 16705 SPS 30110 b
1
of a receiver or trustee, it shall be executed on behalf of the
2
corporation and verified by such receiver or trustee.
3
(b) A corporation may use the registered office of its
4
appointed registered agent as the corporation's principal
5
office if:
6
(1) the corporation attests that it has no physical
7
location other than a residential address;
8
(2) the registered agent maintaining the registered
9
office consents to the use of the address as the
10
corporation's principal office; and
11
(3) the corporation provides the Secretary of State
12
with the physical address of at least one officer or
13
director, which shall not be made available to the public.
14
(Source: P.A. 101-578, eff. 8-26-19.)
15
Section 15.
The Limited Liability Company Act is amended
16
by changing Section 5-5 as follows:
17
(805 ILCS 180/5-5)
18
Sec. 5-5.
Articles of organization.
19
(a) The articles of organization shall set forth all of
20
the following:
21
(1) The name of the limited liability company and the
22
address of its principal place of business which may, but
23
need not be a place of business in this State.
24
(2) The purposes for which the limited liability
SB2816
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LRB104 16705 SPS 30110 b
1
company is organized, which may be stated to be, or to
2
include, the transaction of any or all lawful businesses
3
for which limited liability companies may be organized
4
under this Act.
5
(3) The name of its registered agent and the address
6
of its registered office.
7
(4) A confirmation that the limited liability company
8
complies with the requirement in subsection (b) of Section
9
5-1 that the company has one or more members at the time of
10
filing or, if the filing is to be effective on a later
11
date, that the company will have one or more members on the
12
date the filing is to be effective.
13
(5) The name and business address of all of the
14
managers and any member having the authority of a manager.
15
(5.5) The duration of the limited liability company,
16
which shall be perpetual unless otherwise stated.
17
(6) (Blank).
18
(7) The name and address of each organizer.
19
(8) Any other provision, not inconsistent with law,
20
that the members elect to set out in the articles of
21
organization for the regulation of the internal affairs of
22
the limited liability company, including any provisions
23
that, under this Act, are required or permitted to be set
24
out in the operating agreement of the limited liability
25
company.
26
(b) A limited liability company is organized at the time
SB2816
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LRB104 16705 SPS 30110 b
1
articles of organization are filed by the Secretary of State
2
or at any later time, not more than 60 days after the filing of
3
the articles of organization, specified in the articles of
4
organization.
5
(c) Articles of organization for the organization of a
6
limited liability company for the purpose of accepting and
7
executing trusts shall not be filed by the Secretary of State
8
until there is delivered to him or her a statement executed by
9
the Secretary of Financial and Professional Regulation or
10
successor State board, department, or agency having
11
jurisdiction over the regulation of trust companies that the
12
organizers of the limited liability company have made
13
arrangements with the Secretary of Financial and Professional
14
Regulation or successor State board, department, or agency
15
having jurisdiction over the regulation of trust companies to
16
comply with the Corporate Fiduciary Act.
17
(d) Articles of organization for the organization of a
18
limited liability company as a bank or a savings bank must be
19
filed with the Secretary of Financial and Professional
20
Regulation or successor State board, department, or agency
21
having jurisdiction over the regulation of banks or savings
22
banks or, if the bank or savings bank will be organized under
23
federal law, with the appropriate federal banking regulator.
24
(e) A limited liability company may use the registered
25
office of its appointed registered agent as the limited
26
liability company's principal office if:
SB2816
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LRB104 16705 SPS 30110 b
1
(1) the limited liability company attests that it has
2
no physical location other than a residential address;
3
(2) the registered agent maintaining the registered
4
office consents to the use of the address as the limited
5
liability company's principal office; and
6
(3) the corporation provides the Secretary of State
7
with the physical address of at least one officer or
8
director, which shall not be made available to the public.
9
(Source: P.A. 98-171, eff. 8-5-13; 99-227, eff. 8-3-15;
10
99-637, eff. 7-1-17
.)
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