Illinois Compiled Statutes 805 Business Organizations: Article 12 - Dissolution

• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.05
  Voluntary dissolution by directors. Where a corporation has no members or no members entitled to vote on dissolution, the dissolution of a corporation may...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.10
  Voluntary dissolution by written consent of members entitled to vote. Except for the dissolution of a not-for-profit corporation organized for the purpose of ownership or...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.12
  Dissolution of residential cooperative housing corporations. When a not-for-profit corporation organized for the purpose of ownership or administration of residential property on a cooperative basis...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.15
  Voluntary dissolution by vote of members entitled to vote. Where a corporation has members entitled to vote on dissolution, the dissolution of a corporation...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.16
  Distribution of assets. The assets of a corporation in the process of dissolution shall be applied and distributed as follows: (a) All liabilities and...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.17
  Plan of distribution. A plan providing for the distribution of assets, not inconsistent with the provisions of this Act, may be adopted by a...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.20
  Articles of dissolution. (a) When a voluntary dissolution has been authorized as provided by this Act, articles of dissolution shall be executed and filed...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.25
  Revocation of Dissolution. (a) A corporation may revoke its dissolution within 60 days of its effective date if the corporation has not begun to...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.30
  Effect of dissolution. (a) Dissolution of a corporation terminates its corporate existence and a dissolved corporation shall not thereafter conduct any affairs except that...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.35
  Grounds for administrative dissolution. The Secretary of State may dissolve any corporation administratively if: (a) It has failed to file its annual report as...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.40
  Procedure for administrative dissolution. (a) After the Secretary of State determines that one or more grounds exist under Section 112.35 of this Act for the...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.43
  Administrative dissolution; corporate name. The Secretary of State shall not allow another corporation to use the name of a domestic corporation that has been administratively...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.45
  Reinstatement following administrative dissolution. (a) A domestic corporation administratively dissolved under Section 112.40 of this Act may be reinstated by the Secretary of State following...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.50
  Grounds for judicial dissolution. A Circuit Court may dissolve a corporation: (a) In an action by the Attorney General, if it is established that: (1)...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.55
  Alternative remedies to judicial dissolution. (a) In either an action for dissolution pursuant to Section 112.50 of this Act or in an action which...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.60
  Practice in actions for judicial dissolution or removal and for alternative remedies. (a) The practice in actions for judicial dissolution or removal shall be...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.65
  Order of dissolution. (a) If, after a hearing, the court determines that one or more grounds for judicial dissolution described in Section 112.50 of this...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.70
  Deposit of amount due. Upon the distribution of the assets of a corporation, the distributive portion to which a person would be entitled who...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.75
  Known claims against dissolved corporation. (a) A dissolved corporation may bar any known claim against it, its directors, officers, employees or agents, or its...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 112.80
  Survival of remedy after dissolution. The dissolution of a corporation either (1) by filing articles of dissolution in accordance with Section 112.20 of this...

Last modified: February 18, 2015