Illinois Compiled Statutes 805 Business Organizations: Article 7 - Members

• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.03
  Members. (a) A corporation may have one or more classes of members or may have no members. (b) If the corporation has one or...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.05
  Meeting of members. (a) Meetings of members may be held either within or without this State, as may be provided in the bylaws or...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.10
  Informal action by members entitled to vote. (a) Unless otherwise provided in the articles of incorporation or the bylaws, except for the dissolution of a...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.15
  Notice of members' meetings. Written notice stating the place, day, and hour of the meeting and, in the case of a special meeting, the...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.20
  Waiver of notice. Whenever any notice whatever is required to be given under the provisions of this Act or under the provisions of the...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.25
  Fixing record date for voting. For the purpose of determining members entitled to notice of or to vote at any meeting of members, or...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.35
  Inspectors. At any meeting of members, the chairman of the meeting may, or upon the request of any members shall, appoint one or more...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.40
  Voting. (a) The right of the members, or any class or classes of members, to vote may be limited, enlarged or denied to the extent...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.50
  Proxies. A member entitled to vote may vote in person or, unless the articles of incorporation or bylaws explicitly prohibit, by proxy executed in writing...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.60
  Quorum of members entitled to vote. Unless otherwise provided by the articles of incorporation or the bylaws, members holding one-tenth of the votes entitled...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.70
  Voting agreements. (a) Members entitled to vote may provide for the casting of their votes by signing an agreement for that purpose. (b) A...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.75
  Books and records. (a) Each corporation shall keep correct and complete books and records of account and shall also keep minutes of the proceedings of...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.80
  Derivative suits by voting members. Nothing in this Act shall be construed to affect any pre-existing common law right of a voting member to...
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.85
  Nonliability of members. The members of a corporation shall not be personally liable for any debt or obligation of the corporation. (Source: P.A. 87-854.)
• Illinois General Not for Profit Corporation Act of 1986. - 805 ILCS 105, Section 107.90
  Not-for-profit residential cooperative. (a) As used in this Section: "Member" includes the plural "members", where a membership is jointly held. "Membership agreement" means the...

Last modified: February 18, 2015