Sec. 111.15. Merger or consolidation by directors.
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/il/chapter-805/act-105/111-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 111.15. Merger or consolidation by directors. Where a corporation has no members or no members entitled to vote on mergers or consolidations, a plan thereof shall be adopted at a meeting of the board of directors upon receiving the affirmative vote of a majority of the directors in office.