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

Sec. 3.20. Unauthorized assumption of corporate powers.

38 words·~1 min read·/il/chapter-805/act-5/3-20

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Sec. 3.20. Unauthorized assumption of corporate powers. All persons who assume to exercise corporate powers without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.
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