The code does not refer to a 120-day deadline. It is only in the act. Members may therefore be non-compliant for an indeterminate period, because there is no specific deadline indicated in the code. However, under the act, public office holders have 120 days to comply. A 120-day deadline is reasonable in most cases to ensure the needs of public office holders are met.
On October 6th, 2009. See this statement in context.