(805 ILCS 5/7.15)
(from Ch. 32, par. 7.15)
Notice of shareholders' meetings.
Written notice stating the place, day, and hour of the
meeting and, in the case of a special meeting, the purpose or purposes for
which the meeting is called, shall be delivered not less than 10 nor more
than 60 days before the date of the meeting, or in the case of a merger,
consolidation, share exchange, dissolution or sale, lease or exchange of
assets not less than 20 nor more than 60 days before the
date of the meeting, either personally or by mail, by or at the direction
of the president, or the secretary, or the officer or persons calling the
meeting, to each shareholder of record entitled to vote at such meeting. If
mailed, such notice shall be deemed to be delivered when deposited in the
United States mail addressed to the shareholder at his or her address as it
appears on the records of the corporation, with postage thereon prepaid.
(Source: P.A. 83-1025.)