805 ILCS 105/112.12

Current through Public Act 103-593
Section 805 ILCS 105/112.12 - Dissolution of residential cooperative housing corporations

When a not-for-profit corporation organized for the purpose of ownership or administration of residential property on a cooperative basis has members entitled to vote on dissolution, there must be an open meeting and vote of those members before a dissolution may be authorized.

805 ILCS 105/112.12

Added by P.A. 098-0302,§ 5, eff. 1/1/2014.