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

• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 3.05
  Purposes. Corporations for profit may be organized under this Act for any lawful purpose or purposes, except for the purpose of banking or insurance;...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 3.10
  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 Business Corporation Act of 1983. - 805 ILCS 5, Section 3.15
  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 Business Corporation Act of 1983. - 805 ILCS 5, Section 3.20
  Unauthorized assumption of corporate powers. All persons who assume to exercise corporate powers without authority so to do shall be jointly and severally liable...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 3.25
  Locale misrepresentation. (a) A person shall not advertise or cause to be listed in a telephone directory an assumed or fictitious business name that...

Last modified: February 18, 2015