Illinois Compiled Statutes 805 Business Organizations: Article 9 - Distributions

• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 9.05
  Power of corporation to acquire its own shares. (a) A corporation may acquire its own shares, subject to limitations set forth in Section 9.10 of...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 9.10
  Distributions to shareholders. (a) The board of directors of a corporation may authorize, and the corporation may make, distributions to its shareholders, subject to...
• Illinois Business Corporation Act of 1983. - 805 ILCS 5, Section 9.20
  Reduction of paid-in capital. (a) A corporation may reduce its paid-in capital: (1) by resolution of its board of directors by charging against its paid-in...

Last modified: February 18, 2015