(a) Any domestic or foreign corporation may, pursuant to resolution by its board of directors, change or cancel any or all of its assumed corporate names by executing and filing, in accordance with Section 1.10 of this Act, an application setting forth:
         (1) The true corporate name.

Terms Used In Illinois Compiled Statutes 805 ILCS 5/4.20

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         (2) The state or country under the laws of which it
    
is organized.
        (3) That it intends to cease transacting business
    
under an assumed corporate name by changing or cancelling it.
        (4) The assumed corporate name to be changed from or
    
cancelled.
        (5) If the assumed corporate name is to be changed,
    
the assumed corporate name that the corporation proposes to use.
    (b) Upon the filing of an application to change an assumed corporate name, the corporation shall have the right to use the assumed corporate name for the balance of the period authorized by subsection (d) of Section 4.15.
     (c) The right to use an assumed corporate name shall be cancelled by the Secretary of State:
         (1) If the corporation fails to renew an assumed
    
corporate name.
        (2) If the corporation has filed an application to
    
change or cancel an assumed corporate name.
        (3) If a domestic corporation has been dissolved.
         (4) If a foreign corporation has had its authority to
    
do business in this State revoked.
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