Sec. 905. Noncomplying name of foreign limited partnership.
181 words·~1 min read·
/il/chapter-805/act-215/905A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 905. Noncomplying name of foreign limited partnership.
(a)A foreign limited partnership whose name does not comply with Section 108 may not obtain a certificate of authority until it adopts, for the purpose of transacting business in this State, an alternate name that complies with Section 108. A foreign limited partnership that adopts an alternate name under this subsection and then obtains a certificate of authority with the name need not comply with the Assumed Business Name Act and is deemed to be in compliance with Section 108.5. After obtaining a certificate of authority with an alternate name, a foreign limited partnership shall transact business in this State under the name unless the foreign limited partnership is authorized under the Assumed Business Name Act to transact business in this State under another name.
(b)If a foreign limited partnership authorized to transact business in this State changes its name to one that does not comply with Section 108, it may not thereafter transact business in this State until it complies with subsection
(a)and obtains an amended certificate of authority.