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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: survival act

Shocking! The Company That Owes You $ Dissolved: The Illinois Corporate ‘Survival’ Statute

The Illinois corporate “survival” statute, 805 ILCS 5/12.80, allows a plaintiff to sue a dissolved corporation for up to five years after the corporation’s existence ends.  So, if a corporation was dissolved on April 29, 2014, a plaintiff who had a claim against the corporation prior to April 29, 2014, has through April 29, 2019 …

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Posted byPaulPApril 30, 2014December 29, 2017Posted inCorporate, RemediesTags: corporate survival, dissolved corporation, fisher kanaris, five years, Porvaznik, secretary of state, Statute of Limitations, survival act
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