Illinois Compiled Statutes 805 ILCS 105 General Not for Profit Corporation Act of 1986. Section 103.20

    (805 ILCS 105/103.20) (from Ch. 32, par. 103.20)

    Sec. 103.20. Unauthorized assumption of corporate powers. All persons who assume to exercise corporate powers without authority to so do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.

(Source: P.A. 84-1423.)

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Last modified: February 18, 2015