(510 ILCS 40/7) (from Ch. 8, par. 33.67)
Sec. 7.
By January 1 of each fifth year following original recording with the
Department, each owner of a brand of record shall submit to the Department a renewal fee
of $15. For the purpose of determining renewal date, the period between
the date a brand is
recorded with the Department and January 1 of the next year shall constitute
the first year of the
5-year period. If the owner of a brand of record fails, refuses, or neglects
to pay such fee
by June 30 of the year in which it is due, the brand shall be forfeited
and no longer carried in the
record. A forfeited brand shall not be issued to another person for a period
of 5 years following the
date of forfeiture. During this 5-year period, the owner of record may
make application to the Department
for restitution of a forfeited brand. Such application shall be accompanied
by a facsimile brand and
a reinstatement fee of $25. The renewal date for a reinstated brand shall
remain the same and
renewal fees on such brands shall be due on January 1 of each fifth year
following original recording.
(Source: P.A. 79-880.)
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