Illinois Compiled Statutes 805 Business Organizations: Article 6 - Shares

• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.05
  Authorized shares. Each corporation shall have power to create and issue the number of shares stated in its articles of incorporation. Such shares may...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.10
  Issuance of shares of preferred or special classes in series. (a) If the articles of incorporation so provide, the shares of any preferred or...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.15
  Issuance of fractional shares or scrip. A corporation may, but shall not be obliged to, issue a certificate for a fractional share, and, by action...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.20
  Subscriptions for shares. A subscription for shares of a corporation to be organized shall be irrevocable for a period of six months unless otherwise...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.25
  Consideration for shares. (a) Shares may be issued for such consideration as shall be authorized from time to time by the board of directors...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.30
  Payment for shares. The consideration for the issuance of shares may be paid, in whole or in part, in money, in other property, tangible...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.35
  Shares represented by certificates and uncertificated shares. The issued shares of a corporation shall be represented by certificates or shall be uncertificated shares. Certificates...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.40
  Liability of subscribers, shareholders, personal representatives and pledgees. A holder of or subscriber to shares of a corporation shall be under no obligation to...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.45
  Expenses of organization, reorganization, and financing. The reasonable charges and expenses of organization or reorganization of a corporation and reasonable compensation for the sale...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.50
  Shareholders' preemptive rights. (a) The shareholders of a corporation organized on or after January 1, 1982, shall have no preemptive rights to acquire unissued...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 6.55
  Restriction on transfer of securities. (a) A written restriction on the transfer or registration of transfer of a security of a corporation, if permitted...

Last modified: February 18, 2015