Sec. 13.20. Effect of authority.
247 words·~1 min read·
/il/chapter-805/act-5/13-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 13.20. Effect of authority.
(a)Upon the filing of the application for authority by the Secretary of State, the corporation shall have the right to transact business in this State for those purposes set forth in its application, subject, however, to the right of this State to revoke such right to transact business in this State as provided in this Act.
(b)A corporation that obtains or continues to maintain the right to transact business in this State consents to the exercise of general jurisdiction by the courts of this State in accordance with paragraph
(5)of subsection
(b)of Section 2-209 of the Code of Civil Procedure.
A corporation consents to general jurisdiction in accordance with paragraph
(5)of subsection
(b)of Section 2-209 of the Code of Civil Procedure upon registering to do business in this State at any time following the effective date of this amendatory Act of the 104th General Assembly.
A corporation that has previously registered to do business in this State consents to general jurisdiction in accordance with paragraph
(5)of subsection
(b)of Section 2-209 of the Code of Civil Procedure upon the next date after the effective date of this amendatory Act of the 104th General Assembly on which the filing of its annual report in accordance of Section 14.05 is due, regardless of whether or not it then files its annual report.
Consent to such general jurisdiction terminates upon, and only upon, formal withdrawal from this State.