Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

310 ILCS 5/16

(310 ILCS 5/16) (from Ch. 67 1/2, par. 166)

Sec. 16.

Housing corporations organized on a not-for-profit basis shall
have the rights, privileges and immunities of, and shall be subject to the
provisions of, the General Not For Profit Corporation Act of 1986, as heretofore and hereafter amended, in so far as such provisions
are not inconsistent with the provisions of this Act. Housing corporations
organized on a limited-dividend basis shall have the rights, privileges and
immunities of, and shall be subject to the provisions of, the "Business
Corporation Act of 1983", as heretofore and hereafter amended,
in so far as such provisions are not inconsistent with the provisions of
this Act.

(Source: P.A. 96-66, eff. 1-1-10.)