(805 ILCS 105/112.10)
(from Ch. 32, par. 112.10)
Voluntary dissolution by written consent of
members entitled to vote.
Except for the dissolution of a not-for-profit corporation organized for the purpose of ownership or administration of residential property on a cooperative basis, when a corporation has members
entitled to vote on dissolution, the dissolution of a
corporation may be authorized pursuant to Section 107.10 of
this Act. Dissolution pursuant to this Section does not
require any vote of the directors of the corporation.
(Source: P.A. 98-302, eff. 1-1-14; 99-78, eff. 7-20-15.)