Illinois Compiled Statutes 805 Business Organizations: Article 3 - Purposes And Powers

• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.05
  Purposes and authority of corporations; particular purposes; exemptions. (a) Not-for-profit corporations may be organized under this Act for any one or more of the following...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.10
  General powers. Each corporation shall have power: (a) To have perpetual succession by its corporate name unless a limited period of duration is stated...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.12
  Private foundations - Federal tax laws. In the absence of an express provision to the contrary in its articles of incorporation, a corporation, as defined...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.15
  Defense of Ultra Vires. No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 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...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.25
  Locale misrepresentation. (a) A person shall not advertise or cause to be listed in a telephone directory an assumed or fictitious business name that...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.30
  Homeowners' association; American flag or military flag. (a) Notwithstanding any provision in the association's declaration, covenants, bylaws, rules, regulations, or other instruments or any...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 103.35
  Unemployment insurance; notice. A not-for-profit corporation that is excluded from the definition of "nonprofit organization" under Section 211.2 of the Unemployment Insurance Act because it...

Last modified: February 18, 2015