805 ILCS 317/60

Current through Public Act 103-593
Section 805 ILCS 317/60 - Dissolution and termination

A limited worker cooperative association may be dissolved by (1) a two-thirds vote of the assembly, (2) a majority vote of the assembly as stated in the cooperative agreement, or (3) administratively . The vote shall be in accordance with Section 55, and upon dissolution of its business and activities must be wound up and terminated in the manner provided under the Limited Liability Company Act for a limited liability company.

805 ILCS 317/60

Amended by P.A. 102-0351,§ 5, eff. 8/13/2021.
Added by P.A. 101-0292,§ 60, eff. 1/1/2020.