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| Public Act 098-0317 | ||||
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AN ACT concerning business.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The General Not For Profit Corporation Act of | ||||
1986 is amended by changing Section 103.05 as follows:
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(805 ILCS 105/103.05) (from Ch. 32, par. 103.05)
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Sec. 103.05. Purposes and authority of corporations;
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particular purposes; exemptions.
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(a) Not-for-profit corporations may be organized under | ||||
this Act for any
one or more of the following or similar | ||||
purposes:
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(1) Charitable.
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(2) Benevolent.
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(3) Eleemosynary.
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(4) Educational.
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(5) Civic.
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(6) Patriotic.
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(7) Political.
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(8) Religious.
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(9) Social.
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(10) Literary.
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(11) Athletic.
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(12) Scientific.
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(13) Research.
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(14) Agricultural.
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(15) Horticultural.
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(16) Soil improvement.
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(17) Crop improvement.
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(18) Livestock or poultry improvement.
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(19) Professional, commercial, industrial, or trade | ||
association.
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(20) Promoting the development, establishment, or | ||
expansion
of industries.
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(21) Electrification on a cooperative basis.
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(22) Telephone service on a mutual or cooperative | ||
basis.
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(23) Ownership and operation of water supply | ||
facilities for
drinking and general domestic use on a | ||
mutual or cooperative basis.
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(24) Ownership or administration of residential | ||
property on a
cooperative basis.
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(25) Administration and operation of property owned on | ||
a
condominium basis or by a homeowner association.
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(26) Administration and operation of an organization | ||
on a
cooperative basis producing or furnishing goods, | ||
services,
or facilities primarily for the benefit of its | ||
members who
are consumers of those goods, services, or | ||
facilities.
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(27) Operation of a community mental health board or | ||
center
organized pursuant to the Community Mental Health | ||
Act for the purpose of
providing direct patient services.
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(28) Provision of debt management services as | ||
authorized by the Debt
Management Service Act.
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(29) Promotion, operation, and administration of a
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ridesharing arrangement as defined in Section 1-176.1 of
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the Illinois Vehicle Code.
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(30) The administration and operation of an | ||
organization for the
purpose of assisting low-income | ||
consumers in the acquisition of utility and
telephone | ||
services.
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(31) Any purpose permitted to be exempt from taxation | ||
under
Sections 501(c) or 501(d)
of the United States | ||
Internal Revenue Code,
as now in
or hereafter amended.
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(32) Any purpose that would qualify for tax-deductible | ||
gifts under the
Section 170(c) of the United States | ||
Internal Revenue Code, as now
or hereafter amended. Any | ||
such purpose is deemed to be charitable
under subsection | ||
(a)(1) of this Section.
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(33) Furnishing of natural gas on a cooperative basis.
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(34) Ownership and operation of agriculture-based | ||
biogas (anaerobic digester) systems on a cooperative basis | ||
including the marketing and sale of products produced from | ||
these, including but not limited to methane gas, | ||
electricity, and compost. | ||
(b) A corporation may be organized hereunder to serve in an
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area that adjoins or borders (except for any intervening
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natural watercourse) an area located in an adjoining state
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intended to be similarly served, and the corporation may
join | ||
any corporation created by the adjoining state having
an | ||
identical purpose and organized as a not-for-profit
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corporation. Whenever any corporation organized under this
Act | ||
so joins with a foreign corporation having an identical
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purpose, the corporation shall be permitted to do business
in | ||
Illinois as one corporation; provided (1) that the name,
bylaw | ||
provisions, officers, and directors of each
corporation are | ||
identical, (2) that the foreign corporation
complies with the | ||
provisions of this Act relating to the
admission of foreign | ||
corporation, and (3) that the Illinois
corporation files a | ||
statement with the Secretary of State
indicating that it has | ||
joined with a foreign corporation
setting forth the name | ||
thereof and the state of its incorporation.
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(Source: P.A. 94-738, eff. 5-4-06.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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