Chapter 805 — BUSINESS ORGANIZATIONS

(805 ILCS 215/902.5) Sec. 902.5. Amended application for certificate of authority. (a) In order to amend its application for certificate of authority, a foreign limited partnership must deliver to the Secretary of State for filing an amended application for certificate of authori…

(805 ILCS 215/903) Sec. 903. Activities not constituting transacting business. (a) Activities of a foreign limited partnership which do not constitute transacting business in this State within the meaning of this Article include: (1) maintaining, defending, and settling an action…

(805 ILCS 215/904) Sec. 904. Filing of certificate of authority. Unless the Secretary of State determines that an application for a certificate of authority does not comply with the filing requirements of this Act, the Secretary of State, upon payment of all filing fees, shall fi…

(805 ILCS 215/905) Sec. 905. Noncomplying name of foreign limited partnership. (a) A foreign limited partnership whose name does not comply with Section 108 may not obtain a certificate of authority until it adopts, for the purpose of transacting business in this State, an altern…

(805 ILCS 215/906) Sec. 906. Revocation of certificate of authority. (a) A certificate of authority of a foreign limited partnership to transact business in this State may be revoked by the Secretary of State in the manner provided in subsections (b) and (c) if the foreign limite…

(805 ILCS 215/906.5) Sec. 906.5. Reinstatement following revocation. (a) A foreign limited partnership that has had its certificate of authority revoked under Section 906 may be reinstated by the Secretary of State following the date of revocation upon: (1) the filing of an appli…

(805 ILCS 215/907) Sec. 907. Cancellation of certificate of authority; effect of failure to have certificate. (a) In order to cancel its certificate of authority to transact business in this State, a foreign limited partnership must deliver to the Secretary of State for filing a …

(805 ILCS 215/908) Sec. 908. Action by Attorney General. The Attorney General may maintain an action to restrain a foreign limited partnership from transacting business in this State in violation of this Article. (Source: P.A. 93-967, eff. 1-1-05.)

(805 ILCS 305/0.01) (from Ch. 106 1/2, par. 100) Sec. 0.01. Short title. This Act may be cited as the Professional Association Act. (Source: P.A. 86-1324.)

(805 ILCS 305/1) (from Ch. 106 1/2, par. 101) Sec. 1. Any 2 or more persons duly licensed to practice a profession under the laws of this State may form a professional association, as distinguished from either a partnership or a corporation, by associating themselves for the purp…

(805 ILCS 305/10) (from Ch. 106 1/2, par. 110) Sec. 10. Regulation of practice of law. (a) The manner in which lawyers practice law under this Act is subject to the powers of the Supreme Court to regulate the practice of law. (b) A professional association that is organized to pr…

(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 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 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 305/4) (from Ch. 106 1/2, par. 104) Sec. 4. A professional association may in its own name invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment, and may own real or personal property necessary or appropriate for rendering its profes…

(805 ILCS 305/5) (from Ch. 106 1/2, par. 105) Sec. 5. Each individual licensed in this State to perform professional services who is employed by a professional association shall remain subject to reprimand or discipline for his conduct under the provisions of the licensing statut…

(805 ILCS 305/6) (from Ch. 106 1/2, par. 106) Sec. 6. This Act does not alter any law applicable to the relationship between a person furnishing professional service and a person receiving such professional service including liability arising out of such professional service. (So…

(805 ILCS 305/7) (from Ch. 106 1/2, par. 107) Sec. 7. Articles of association may provide that a professional association shall continue as a separate entity independent of its members, for all purposes for such period of time as provided in the articles, or until dissolved by a …

(805 ILCS 305/8) (from Ch. 106 1/2, par. 108) Sec. 8. A professional association organized pursuant to the provisions of this Act shall be governed by a Board of Directors or an Executive Committee elected by the members, and represented by officers elected by the Board of Direct…

(805 ILCS 305/9) (from Ch. 106 1/2, par. 109) Sec. 9. Shares or units of ownership in a professional association shall be transferable to persons licensed to perform the same type of professional service as that for which the professional association was formed. (Source: Laws 196…

(805 ILCS 310/1) (from Ch. 32, par. 305) Sec. 1. Any 5 or more subscribers to the shares of the capital stock of a corporation to be organized under this Act who may be desirous of uniting in any co-operative association for the purpose of purchasing of or selling to all sharehol…

(805 ILCS 310/10) (from Ch. 32, par. 314) Sec. 10. At any regular or special meeting, legally called, an association organized under this Act or as a co-operative association under "The General Corporation Act", approved June 28, 1919, as amended may, by a majority vote of its me…

(805 ILCS 310/11) (from Ch. 32, par. 315) Sec. 11. Whenever an association created under this act shall purchase the business of another association, person or persons, it may pay for the same in whole or in part by issuing shares of its capital stock to an amount, which at par v…

(805 ILCS 310/12) (from Ch. 32, par. 316) Sec. 12. In case the cash value of such purchased business exceeds five hundred dollars, the directors of the association are authorized to hold the shares in excess of five hundred dollars in trust for the vendor or his assignee and disp…

(805 ILCS 310/13) (from Ch. 32, par. 317) Sec. 13. Corporations organized under this Act may borrow money at legal rates of interest and pledge their property, both real and personal, to secure payment thereof, and may have and exercise all power necessary and requisite to carry …

(805 ILCS 310/14) (from Ch. 32, par. 318) Sec. 14. At any regularly called general or special meeting of the shareholders a written vote received by mail from any absent shareholder and signed by him may be read in such meeting, and shall be equivalent to a vote of each of the sh…

(805 ILCS 310/15) (from Ch. 32, par. 319) Sec. 15. So much of the profits or earnings of such association, as may seem best to the directors, shall be distributed to those entitled thereto by its by-laws, and in the proportions and at the times therein prescribed, which shall be …

(805 ILCS 310/16) (from Ch. 32, par. 320) Sec. 16. Every association organized under the terms of this Act shall annually, on or before the first day of March of each year, make a report of the condition and business of the association as of December 31 of the preceding year, to …

(805 ILCS 310/17) (from Ch. 32, par. 321) Sec. 17. All co-operative corporations and joint stock corporations, companies, associations, voluntary unincorporated associations or partnerships heretofore organized under prior statutes, or who shall be doing business as co-operative …

(805 ILCS 310/18) (from Ch. 32, par. 322) Sec. 18. All stock subscribed for shall be paid for within one year and in default thereof shall be forfeited with the payments made thereon to the society. (Source: Laws 1915, p. 325.)

(805 ILCS 310/19) (from Ch. 32, par. 323) Sec. 19. The by-laws shall provide that the profits shall be distributed, first-upon stock and to purchasers or sellers (customers) based upon the percentage of purchases, or sales; or, second-to purchasers or sellers exclusively, based u…

(805 ILCS 310/2) (from Ch. 32, par. 306) Sec. 2. No person shall be permitted to subscribe for more than 10 shares of the capital stock of such association, nor shall any person be permitted to own or control more than 10 shares of the capital stock of such association. The share…

(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 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 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 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 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 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 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 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 310/3) (from Ch. 32, par. 307) Sec. 3. Corporations organized under this act may provide in their by-laws that when a shareholder is desirous of disposing of his stock, he shall first give the corporation an opportunity to purchase the same, after reasonable notice; and…

(805 ILCS 310/4) (from Ch. 32, par. 308) Sec. 4. Duplicate originals of the articles of incorporation shall be delivered to the Secretary of State. If the Secretary of State finds that the articles of incorporation conform to law, he shall, when all franchise taxes, fees, and cha…

(805 ILCS 310/5) (from Ch. 32, par. 309) Sec. 5. Such corporations shall be required to file in the office of the Secretary of State the same reports and to pay to him the same license fees, franchise taxes and other fees, as required of corporations organized under an act entitl…

(805 ILCS 310/6) (from Ch. 32, par. 310) Sec. 6. Associations formed under this act shall be bodies corporate and politic for the period for which they are organized, may sue and be sued, may have a common seal, which they may alter or renew at pleasure, may own, possess and enjo…

(805 ILCS 310/7) (from Ch. 32, par. 311) Sec. 7. Every such association shall be managed by a board of not less than 5 directors. The directors shall be elected by and from the shareholders of the association at such time and for such term of office as the by-laws may prescribe a…

(805 ILCS 310/8) (from Ch. 32, par. 312) Sec. 8. The association may amend its articles of incorporation by a two-thirds vote of its shareholders at any regular shareholders' meeting called for that purpose, or at a special meeting on 10 days' notice to the shareholders: In eithe…

(805 ILCS 310/9) (from Ch. 32, par. 313) Sec. 9. No shareholder in any association shall own more than 10 shares nor of a greater aggregate par value than $10,000, except as hereinafter provided. (Source: P.A. 98-1122, eff. 8-26-14.)

(805 ILCS 315/1) (from Ch. 32, par. 440) Sec. 1. In order to promote, foster and encourage the intelligent and orderly marketing of agricultural products through co-operation; to eliminate speculation and waste; to make the distribution of agricultural products between producer a…

(805 ILCS 315/10) (from Ch. 32, par. 449) Sec. 10. Each association incorporated under this Act must, within thirty (30) days after its incorporation, adopt for its government and management, a code of by-laws, not inconsistent with the powers granted by this Act. A majority vote…

(805 ILCS 315/11) (from Ch. 32, par. 450) Sec. 11. In the by-laws, each association shall provide for one or more regular meetings annually. The board of directors shall have the right to call a special meeting at any time; and 10% of the members or stockholders may file a petiti…