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.

805 ILCS 105/107.40

(805 ILCS 105/107.40) (from Ch. 32, par. 107.40)

Sec. 107.40. Voting.

(a)  The right of the members, or
any class or classes of members, to vote may be limited,
enlarged or denied to the extent specified in the articles
of incorporation or the bylaws.  Unless so limited,
enlarged or denied, each member, regardless of class, shall
be entitled to one vote on each matter submitted to a vote
of members.

(b) The articles of incorporation or the bylaws may
provide that in all elections for directors every member
entitled to vote shall have the right to cumulate his or her vote
and to give one candidate a number of votes equal to his or her
vote multiplied by the number of directors to be elected, or
to distribute such votes on the same principle among as many
candidates as he or she shall think fit.

(c) If a corporation has no members or its members have no
right to vote with respect to a particular matter, the directors shall have the sole voting
power with respect to such matter.

(Source: P.A. 96-649, eff. 1-1-10.)