Sec. 2.01. Formation of benefit corporations.
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/il/chapter-805/act-40/2-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 2.01. Formation of benefit corporations. A benefit corporation must be formed in accordance with Article 2 of the Business Corporation Act of 1983 or be a foreign benefit corporation organized under the laws of another state and authorized to transact business in this State. In addition to the formation requirements of that Act, the articles of incorporation of a benefit corporation must state that it is a benefit corporation in accordance with the provisions of this Article.