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Code · Illinois · Chapter 805 — BUSINESS ORGANIZATIONS · Act 105

Sec. 107.80. Derivative suits by voting members.

61 words·~1 min read·/il/chapter-805/act-105/107-80

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Sec. 107.80. Derivative suits by voting members. Nothing in this Act shall be construed to affect any pre-existing common law right of a voting member to bring an action in this State in the right of such corporation, nor shall this Act be construed to create any such right that did not exist prior to the effective date of this Act.
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