Illinois Compiled Statutes 805 ILCS 105 General Not for Profit Corporation Act of 1986. Section 111.15

    (805 ILCS 105/111.15) (from Ch. 32, par. 111.15)

    Sec. 111.15. Merger or consolidation by directors. Where a corporation has no members or no members entitled to vote on mergers or consolidations, a plan thereof shall be adopted at a meeting of the board of directors upon receiving the affirmative vote of a majority of the directors in office.

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

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Last modified: February 18, 2015