Chapter 805, BUSINESS ORGANIZATIONS

(805 ILCS 30/2) (from Ch. 32, par. 400) Sec. 2. It shall be lawful for any gas companies, now organized or hereafter to be organized in this state, doing business in the same city, town or village, to consolidate and merge into a single corporation, which shall be one of said mer…

(805 ILCS 150/2) (from Ch. 32, par. 394) Sec. 2. Whenever two or more Grand Army posts or camps of United Spanish War Veterans or Army of the Philippines are consolidated in pursuance of any general law of the Grand Army of the Republic, or the United Spanish War Veterans, or Arm…

(805 ILCS 185/2) Sec. 2. Legislative intent. It is the intent of the General Assembly to provide for an individual or group of individuals to form a professional limited liability company to render the same professional service or related professional services to the public for w…

(805 ILCS 405/2) (from Ch. 96, par. 5) Sec. 2. Persons conducting such business or any business under an assumed name who have prior to August 16, 1963 changed their names or whose names are additions to a business organization conducting business under an assumed name, for which…

(805 ILCS 305/2) (from Ch. 106 1/2, par. 102) Sec. 2. As used in this Act, the term "professional service" means any type of personal service to the public which requires as a condition precedent to the rendering of such service the obtaining of a license, and which service by la…

(805 ILCS 315/2) (from Ch. 32, par. 441) Sec. 2. Definitions and short title. (a) As used in this Act: The term "Director of Agriculture" means the Director of the Illinois Department of Agriculture or the Director's designee. The term "agricultural products" shall include hortic…

(805 ILCS 35/2) (from Ch. 32, par. 1002) Sec. 2. The purpose of this Act is to assist and encourage the development and advancement of the business prosperity and economic welfare of the State, to assist and encourage the expansion of existing industries and the location of new i…

(805 ILCS 25/2.05) Sec. 2.05. Eminent domain. Notwithstanding any other provision of this Act, any power granted under this Act to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act. (Source: P.A. 94…

(805 ILCS 305/2.1) (from Ch. 106 1/2, par. 102.1) Sec. 2.1. "Related professional services" means more than one professional service which requires as a condition precedent to the rendering thereof the obtaining of a license from a State agency and includes only professional serv…

(805 ILCS 317/20) Sec. 20. Formation of limited worker cooperative association. (a) A limited worker cooperative association must be organized by one or more organizers. Organizers need not be members of the worker cooperative association. (b) To form a limited worker cooperative…

(805 ILCS 185/20) Sec. 20. Failure to obtain a certificate of registration. Whenever the Department has reason to believe a professional limited liability company has opened, operated, or maintained an establishment without a certificate of registration, the Department may issue …

(805 ILCS 310/20) (from Ch. 32, par. 324) Sec. 20. Societies incorporated under this Act may purchase and own stock in other societies incorporated under this Act, or similar Co-operative Acts of other States, or incorporations of this or other States organized to promote and inc…

(805 ILCS 315/20) (from Ch. 32, par. 459) Sec. 20. Whenever an association, organized hereunder with preferred capital stock, shall purchase the stock or any property, or any interest in any property of any person, firm or corporation or association, it may discharge the obligati…

(805 ILCS 35/20) (from Ch. 32, par. 1020) Sec. 20. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depositary by a vote of a majority of the directors, exclusive of any director who is an officer or di…

(805 ILCS 310/21) (from Ch. 32, par. 325) Sec. 21. Shareholders may vote in person or by written proxy. (Source: Laws 1915, p. 325.)

(805 ILCS 317/21) Sec. 21. Limited worker cooperative association; name. (a) The name of each limited worker cooperative association organized, existing, or subject to the provisions of this Act: (1) shall contain the terms "Limited Worker Cooperative Association", "LWCA", or "L.…

(805 ILCS 315/21) (from Ch. 32, par. 460) Sec. 21. Each association formed or authorized to do business in Illinois under this Act shall prepare and make out an annual report on forms prescribed by the Director of Agriculture containing the name of the association; the names and …

(805 ILCS 35/21) (from Ch. 32, par. 1021) Sec. 21. The corporation shall be subject to the supervision and examination of the Director and the corporation shall pay the actual expenses of such examination as determined by the Director. The corporation shall make such annual or ot…

(805 ILCS 317/22) Sec. 22. Forms, execution, acknowledgment, and filing. (a) All reports required by this Act to be filed in the Office of the Secretary of State shall be made on forms prescribed and furnished by the Secretary of State. Forms for all other documents to be filed i…

(805 ILCS 35/22) (from Ch. 32, par. 1022) Sec. 22. The holders of capital stock as such shall have no preemptive or preferential right to purchase or subscribe for any part of the unissued capital stock of the corporation of any class or for any new issue of stock of any class, w…

(805 ILCS 310/22) (from Ch. 32, par. 326) Sec. 22. No corporation or association hereafter organized or doing business for profit in this State shall be entitled to use the term "Co-operative" as a part of its corporate or other business name or title unless it has complied with …

(805 ILCS 315/22) (from Ch. 32, par. 461) Sec. 22. Any provisions of law which are in conflict with this Act shall be construed as not applying to the associations herein provided for. Any exemptions whatsoever under any and all existing laws applying to agricultural products in …

(805 ILCS 35/23) (from Ch. 32, par. 1023) Sec. 23. Any corporation organized under this Act, after the payment in full and cancellation of all its bonds and other obligations issued under the provisions of this Act, or after the deposit in trust with the respective trustees desig…

(805 ILCS 315/23) (from Ch. 32, par. 462) Sec. 23. An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other association or corporation, with or without capital stock, and engaged in preserving, drying, processing, ca…

(805 ILCS 310/23) (from Ch. 32, par. 327) Sec. 23. Every assignment or transfer of stock shall be recorded in the books of the association, and each shareholder shall be liable jointly with the association as well as severally, for the debts of the association only to the extent …

(805 ILCS 35/24) (from Ch. 32, par. 1024) Sec. 24. Except as otherwise provided in Section 25, all domestic corporations organized for the purpose of carrying on business within this State and all foreign corporations qualified to do business in Illinois, including, without impli…

(805 ILCS 315/24) (from Ch. 32, par. 463) Sec. 24. Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements and make all necessary and proper stipulations, agreements and contracts and arrangements with a…

(805 ILCS 310/24) (from Ch. 32, par. 328) Sec. 24. Shareholders at any regular meeting or any special meeting called for that purpose may adopt by-laws not inconsistent with the provisions of this Act. (Source: Laws 1915, p. 325.)

(805 ILCS 35/25) (from Ch. 32, par. 1025) Sec. 25. A financial institution which does not become a member of a corporation established by this Act shall not acquire any shares of the capital stock of such corporation. This prohibition, however, shall not apply to a financial inst…

(805 ILCS 317/25) Sec. 25. Articles of organization. The articles of organization of a limited worker cooperative association shall state: (1) the domestic entity name of the limited worker cooperative association; (2) the purposes for which the limited worker cooperative associa…

(805 ILCS 310/25) (from Ch. 32, par. 329) Sec. 25. The invalidity of any portion of this Act shall in no way affect the validity of any other portion thereof which can be given effect without such invalid part. (Source: Laws 1915, p. 325.)

(805 ILCS 315/25) (from Ch. 32, par. 464) Sec. 25. Any co-operative association with or without capital stock as defined in this Act heretofore or hereafter organized under laws of another State shall be allowed to carry on any proper activities, operations and functions in this …

(805 ILCS 185/25) (Text of Section before amendment by P.A. 104-764) Sec. 25. Suspension, revocation or discipline of certificate of registration. (a) The Department may suspend, revoke, or otherwise discipline the certificate of registration of a professional limited liability c…

(805 ILCS 310/26) (from Ch. 32, par. 330) Sec. 26. This Act may be cited as the "Co-operative Act." (Source: Laws 1915, p. 325.)

(805 ILCS 35/26) (from Ch. 32, par. 1026) Sec. 26. Each financial institution which becomes a member of a corporation organized under this Act is authorized to acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, securities or othe…

(805 ILCS 315/26) (from Ch. 32, par. 465) Sec. 26. Any corporation or association organized under any general or special Act of this State, shall have the benefits of this Act, and be bound thereby, upon filing with the Secretary of State, a written declaration, attested by the s…

(805 ILCS 310/27) (from Ch. 32, par. 331) Sec. 27. The Secretary of State shall provide uniform blanks for the use of associations incorporated under this Act. (Source: Laws 1915, p. 325.)

(805 ILCS 35/27) (from Ch. 32, par. 1027) Sec. 27. (1) Every person appointed or elected to any position requiring the receipt, payment, management or use of money belonging to a Development Credit Corporation or whose duties permit him to have access to or custody of any of its …

(805 ILCS 315/27) (from Ch. 32, par. 466) Sec. 27. Any person who maliciously and knowingly spreads false reports about the finances or management or activity of an association organized hereunder or organized under a similar statute of another State with similar restrictions, an…

(805 ILCS 35/28) (from Ch. 32, par. 1028) Sec. 28. (1) The Director may forthwith direct the suspension of operation and take possession and control of any Development Credit Corporation whenever he or she finds that such Development Credit Corporation: (a) is conducting its busi…

(805 ILCS 315/28) (from Ch. 32, par. 467) Sec. 28. Any person, firm or corporation who solicits or persuades or permits any member of any association organized hereunder to breach his marketing contract with the association by accepting or receiving such member's products for sal…

(805 ILCS 315/29) (from Ch. 32, par. 468) Sec. 29. No association as defined in this Act engaged in any of the activities herein, shall be deemed to be a conspiracy or combination in unlawful restraint of trade or an illegal monopoly; or an attempt to lessen competition or to fix…

(805 ILCS 120/3) (from Ch. 32, par. 188c) Sec. 3. Notice of consolidation. A notice in general terms of such merger or consolidation shall be published in the County in which the principal office of each corporation so merged or consolidated is located. (Source: Laws 1933, p. 392…

(805 ILCS 150/3) (from Ch. 32, par. 395) Sec. 3. Whenever any Grand Army post or any camp of United Spanish War Veterans, or Army of the Philippines, whether incorporated or unincorporated, shall own any lot in any cemetery, for the interment of the remains of its deceased member…

(805 ILCS 125/3) (from Ch. 32, par. 199.1) Sec. 3. Any such corporation, association or society is authorized to amend its special charter as provided in section 2 of this Act, in the manner following: (a) The trustees, directors or managers of any such corporation, association o…

(805 ILCS 305/3) (from Ch. 106 1/2, par. 103) Sec. 3. A professional association may adopt a name consisting of the full or last name of one or more of the associates, followed by the term "associated" or "association" or "and associates" or the abbreviation "assoc." Nothing in t…

(805 ILCS 320/3) (from Ch. 21, par. 37) Sec. 3. The persons so receiving the articles of organization shall cause the same to be recorded in the recorder's office of the county in which the cemetery is situated, and when so recorded, the association shall be deemed fully organize…

(805 ILCS 405/3) (from Ch. 96, par. 6) Sec. 3. The several County Clerks of this State shall keep an alphabetical index of all persons filing certificates pursuant to Sections 1 and 2, and for the indexing and filing of such certificate shall receive a fee of $5.00. A copy of suc…

(805 ILCS 410/3) (from Ch. 116, par. 61) Sec. 3. (a) If reproductions of original business records are made, the preservation of such reproductions constitutes compliance with any laws of this State requiring that business records be kept or preserved, subject to the following co…

(805 ILCS 35/3) (from Ch. 32, par. 1003) Sec. 3. As used in this Act, unless the context otherwise requires: "Development credit corporation" means any corporation organized pursuant to this Act for the purposes prescribed in Section 4 of this Act. "Financial institution" means a…