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Current as of January 01, 2022 | Updated by FindLaw Staff
§ 104.20. Change and cancellation of assumed corporate name. (a) Any domestic or foreign corporation may, pursuant to resolution by its board of directors, change or cancel any or all of its assumed corporate names by executing and filing, in accordance with Section 101.10 of this Act, an application setting forth:
(1) The true corporate name;
(2) The state or country under the laws of which it is organized;
(3) That it intends to cease conducting affairs under an assumed corporate name by changing or canceling it;
(4) The assumed corporate name to be changed from or cancelled;
(5) If the assumed corporate name is to be changed, the assumed corporate name which the corporation proposes to use.
(b) Upon the filing of an application to change an assumed corporate name, the corporation shall have the right to use such assumed corporate name for the period authorized by subsection (d) of Section 104.15 of this Act.
(c) The right to use an assumed corporate name shall be cancelled by the Secretary of State:
(1) If the corporation fails to renew an assumed corporate name;
(2) If the corporation has filed an application to change or cancel an assumed corporate name;
(3) If a domestic corporation has been dissolved;
(4) If a foreign corporation has had its authority to conduct affairs in this State revoked.
Cite this article: FindLaw.com - Illinois Statutes Chapter 805. Business Organizations § 105/104.20. Change and cancellation of assumed corporate name - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-805-business-organizations/il-st-sect-805-105-104-20/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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