Sec. 25. Articles of organization.
156 words·~1 min read·
/il/chapter-805/act-317/25A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 25. Articles of organization. The articles of organization of a limited worker cooperative association shall state:
(1)the domestic entity name of the limited worker cooperative association;
(2)the purposes for which the limited worker cooperative association is formed, which
may be for any lawful purpose;
(3)the registered agent name and registered agent address of the association's initial
registered agent;
(4)the street address and, if different, mailing address of the association's initial
principal office;
(5)the true name and street address and, if different, mailing address of each
organizer;
(5.5) a statement that the association is a worker cooperative or a collective worker
cooperative, if applicable; and
(6)any other provision, not inconsistent with law, for the regulation of the internal
affairs of the limited worker cooperative association, including any provisions that, under this Act, are required or permitted to be set out in the cooperative agreement of the limited worker cooperative association.