Sec. 36. Annual reports.

422 words·~2 min read·/il/chapter-805/act-317/36

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A limited worker cooperative association organized under the laws of this State shall file, within the time prescribed by this Act, an annual report setting forth all of the following:

(1)The name of the limited worker cooperative association.

(2)The address, including street and number or rural route number, of its

registered office in this State and the name of its registered agent at that address.

(3)The address, including street and number or rural route number of its principal

place of business.

(4)The name and business address of all of the directors and any member having the

authority of a director.

(5)Additional information that may be necessary or appropriate in order to enable

the Secretary of State to administer this Act and to verify the proper amount of fees payable by the limited worker cooperative association.

The annual report shall be made on forms prescribed and furnished by the Secretary of State, and the information therein required by paragraphs

(1)through

(4)of this subsection (a), both inclusive, shall be given as of the date of execution of the annual report. The annual report shall be executed by a director or, if none, a member designated by the members pursuant to limited worker cooperative association action properly taken under Section 15-1 of the Limited Liability Company Act.

(b)The annual report, together with all fees and charges prescribed by this Act, shall be delivered to the Secretary of State within 60 days immediately preceding the first day of the anniversary month. Proof to the satisfaction of the Secretary of State that, before the first day of the anniversary month of the limited worker cooperative association, the report, together with all fees and charges as prescribed by this Act, was deposited in the United States mail in a sealed envelope, properly addressed, with postage prepaid, shall be deemed a compliance with this requirement. If the Secretary of State finds that the report conforms to the requirements of this Act, he or she shall file it. If the Secretary of State finds that it does not so conform, he or she shall promptly return it to the limited worker cooperative association for any necessary corrections, in which event the penalties prescribed for failure to file the report within the time provided shall not apply if the report is corrected to conform to the requirements of this Act and returned to the Secretary of State within 60 days of the original due date of the report.