Sec. 112.12. Dissolution of residential cooperative housing corporations.
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/il/chapter-805/act-105/112-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.