Illinois Compiled Statutes 805 ILCS 15 Medical Corporation Act. Section 13

    (805 ILCS 15/13) (from Ch. 32, par. 643)

    Sec. 13. All of the officers, directors and shareholders of a corporation subject to this Act shall at all times be persons licensed pursuant to the Medical Practice Act of 1987. No person who is not so licensed shall have any part in the ownership, management, or control of such corporation, nor may any proxy to vote any shares of such corporation be given to a person who is not so licensed. Notwithstanding any provisions to the contrary in the "Business Corporation Act of 1983", as now or hereafter amended, if all of the shares of a corporation subject to this Act are owned by one shareholder, the office of president and secretary may be held by the same person.

(Source: P.A. 85-1209.)

Sections:  Previous  5.1  6  6.1  7  8  9  10  11  12  13  14  15  16  17  18  Next

Last modified: February 18, 2015