(805 ILCS 5/2A.60)
(from Ch. 32, par. 2A.60)
(a) Any corporation organized and existing under The Close Corporation
Act on the effective date of this amendatory Act of 1990 shall be deemed to
be a close corporation subject to the provisions of this Article.
(b) Any corporation which is not a close corporation shall not be
subject to the provisions of this Article nor shall the provisions of this
Article be construed to amend or modify any statute or rule of common law
otherwise applicable to such a corporation.
(Source: P.A. 86-1328.)