Ill. Admin. Code tit. 92, § 1480.140 – License Extension upon the Death or Disassociation of Partner | Midpage
§ 1480.140
Ill. Admin. Code tit. 92, § 1480.140
License Extension upon the Death or Disassociation of Partner
AUTHORITY: Implementing and authorized by Sections 15, 20, 37, 45, 50, 80 and 135 of the Collateral Recovery Act [225 ILCS 422].ILLINOIS COMMERCE COMMISSION
a) A partnership shall submit written notice on a form containing the information prescribed by the Commission or in the form of a letter to the Commission. Incomplete or incorrect written notices shall be refused or rejected by the Commission. If the partnership submits the written notice in the form of a letter, the letter shall provide, at minimum, the following information:
1) Full legal name of the partnership;
2) Business address of the partnership;
3) Business telephone of the partnership;
4) Identifying number of the license;
5) Full legal name of the deceased or disassociated partner;
6) Full legal name of every partner;
7) Address of every partner;
8) Telephone number of every partner;
9) Date of death of the deceased partner or date of disassociation of the disassociated partner;
10) Brief statement requesting extension; and
11) Notarized signature of the notifying partner.
b) In case of death of a partner, the partnership shall submit, along with the written notice, a copy of the deceased partner's death certificate.