Illinois Code § 805 ILCS 5/1.15

Statement of correction.
Open in Lexace · Ask the AI about this section
(a) Whenever any instrument authorized
to be filed with the Secretary of State under any provision of this Act
has been so filed and, as of the date of the action therein referred to,
contains any misstatement of fact, typographical error,
error of transcription or any other error or defect or was defectively or
erroneously executed, such instrument may be corrected by filing, in accordance
with Section 1.10 of this Act, a statement of correction.

 
(b) A statement of correction shall set forth:

 
 
(1) The name or names of the corporation or 
 
corporations and the State or country under the laws of which each is organized.

 
 
(2) The title of the instrument being corrected and 
 
the date it was filed by the Secretary of State.

 
 
(3) The inaccuracy, error or defect to be corrected 
 
and the portion of the instrument in corrected form.

 
(c) A statement of correction shall be executed in the same manner in
which the instrument being corrected was required to be executed.

 
(d) The corrected instrument shall be effective as of the date the original
instrument was filed.

 
(e) A statement of correction shall not:

 
 
(1) Effect any change or amendment of articles which 
 
would not in all respects have complied with the requirements of this Act at the time of filing the instrument being corrected.

 
 
(2) Take the place of any document, statement or 
 
report otherwise required to be filed by this Act.

 
 
(3) Affect any right or liability accrued or incurred 
 
before such filing, except that any right or liability accrued or incurred by reason of the error or defect being corrected shall be extinguished by such filing if the person having such right has not detrimentally relied on the original instrument.

 
 
(4) Alter the provisions of the articles of 
 
incorporation with respect to the corporation name or purpose, the class or classes and number of shares to be authorized, and the names and addresses of the incorporators or initial directors.

 
 
(5) Alter the provisions of the application for 
 
authority of a foreign corporation with respect to the corporation name.

 
 
(6) Alter the provisions of the application to adopt 
 
or change an assumed corporate name with respect to the assumed corporate name.

 
 
(7) Alter the wording of any resolution as filed in 
 
any document with the Secretary of State and which was in fact adopted by the board of directors or by the shareholders.

 
 
(8) Alter the provisions of the statement of election 
 
of an extended filing month with respect to the extended filing month.

 
(f) A statement of correction may correct the basis, as established by
any document required to be filed by this Act, of license
fees, taxes, penalty, interest, or other charge paid or payable under this
Act.

 
(g) A statement of correction may provide the grounds for a petition
for a refund or an adjustment of an assessment filed under Section 1.17 of this
Act.

corporations and the State or country under the laws of which each is organized.
the date it was filed by the Secretary of State.
and the portion of the instrument in corrected form.
would not in all respects have complied with the requirements of this Act at the time of filing the instrument being corrected.
report otherwise required to be filed by this Act.
before such filing, except that any right or liability accrued or incurred by reason of the error or defect being corrected shall be extinguished by such filing if the person having such right has not detrimentally relied on the original instrument.
incorporation with respect to the corporation name or purpose, the class or classes and number of shares to be authorized, and the names and addresses of the incorporators or initial directors.
authority of a foreign corporation with respect to the corporation name.
or change an assumed corporate name with respect to the assumed corporate name.
any document with the Secretary of State and which was in fact adopted by the board of directors or by the shareholders.
of an extended filing month with respect to the extended filing month.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.