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Code · Illinois · Chapter 805 — BUSINESS ORGANIZATIONS · Act 5

Sec. 2A.05. Formation of a close corporation.

77 words·~1 min read·/il/chapter-805/act-5/2a-05

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Sec. 2A.05. Formation of a close corporation. A close corporation shall be formed in accordance with the provisions of this Act, except its articles of incorporation shall contain a heading stating that it is being organized as a close corporation. A corporation organized under the Professional Service Corporation Act or the Medical Service Corporation Act, as such Acts are now or hereafter amended, may become a close corporation if it complies with the requirements of this Article.
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