Formation of a close corporation

805 ILCS 5/2A.05 — under Business Corporation Act of 1983.

805 ILCS 5/2A.05

(805 ILCS 5/2A.05) (from Ch. 32, par. 2A.05)

Sec. 2A.05. Formation of a close corporation. A close corporation shall be formed in accordance with the provisions of this Act, except its articles of incorporation shall contain a heading stating that it is being organized as a close corporation. A corporation organized under the Professional Service Corporation Act or the Medical Service Corporation Act, as such Acts are now or hereafter amended, may become a close corporation if it complies with the requirements of this Article.

(Source: P.A. 88-151.)