Illinois Compiled Statutes 805 Business Organizations: Article 4 - Accountability

• Illinois Benefit Corporation Act. - 805 ILCS 40, Section 4.01
  Standard of Conduct for Directors. (a) Without regard to whether the benefit corporation is subject to Section 8.85 of the Business Corporation Act of 1983,...
• Illinois Benefit Corporation Act. - 805 ILCS 40, Section 4.05
  Benefit director. (a) The board of directors of a benefit corporation shall include a director, who: (1) is designated as the benefit director; and (2)...
• Illinois Benefit Corporation Act. - 805 ILCS 40, Section 4.10
  Standard of conduct for officers. (a) Each officer of a benefit corporation shall consider the interests and factors described in subsection (a) of Section 4.01...
• Illinois Benefit Corporation Act. - 805 ILCS 40, Section 4.15
  Benefit officer. (a) A benefit corporation may have an officer designated as the benefit officer. (b) A benefit officer shall have: (1) powers and duties...
• Illinois Benefit Corporation Act. - 805 ILCS 40, Section 4.20
  Right of action; benefit enforcement proceeding. (a) No person may bring an action or assert a claim against a benefit corporation or its directors or...

Last modified: February 18, 2015