BUSINESS DATA TRANSPARENCY

Amends the Business Corporation Act of 1983, the General Not For Profit Corporation Act of 1986, and the Limited Liability Company Act. Provides that, with respect to entities organized under these Acts, the Secretary of State shall publish data required to be maintained by the Secretary in a machine-readable form that is freely available to the public. Abolishes charges for that data. Effective immediately. Senate Committee Amendment No. 1 Provides that the Secretary of State does not warrant the completeness, accuracy, content, or fitness for any particular purpose or use of any public data set made available on the web portal, nor are such warranties to be implied or inferred with respect to the public data sets furnished under the Act. Provides that the State is not liable for any deficiencies in the completeness, accuracy, content, or fitness for any particular purpose or use of any public data set or any third party application utilizing such data set, unless deficiency is the result of willful or wanton action of the Secretary of State or its employees or agents. Senate Committee Amendment No. 2 Changes the effective date to January 1, 2022 (rather than immediate). House Committee Amendment No. 1 Deletes reference to: 805 ILCS 5/1.25 805 ILCS 5/1.80 805 ILCS 105/101.25 805 ILCS 105/115.90 new 805 ILCS 180/50-5 805 ILCS 180/50-10 Adds reference to: 805 ILCS 5/1.01 from Ch. 32, par. 1.01 Replaces everything after the enacting clause. Amends the Business Corporation Act of 1983. Makes a technical change in a Section concerning the short title.