(805 ILCS 105/106.05)
(from Ch. 32, par. 106.05)
Shares and dividends prohibited.
corporation shall not have or issue shares. No dividend
shall be paid and no part of the money, property or other
assets of a corporation shall be distributed to its members,
directors or officers; provided, however, that a corporation
may pay compensation in a reasonable amount to members,
officers or directors for services rendered, including for
service as a director only, and may make distributions
pursuant to Section 109.10 of this Act or upon dissolution
or final liquidation as permitted by Article 12 of this Act.
(Source: P.A. 84-1423.)