(805 ILCS 310/6) (from Ch. 32, par. 310)
Sec. 6.
Associations formed under this act shall be bodies corporate and
politic for the period for which they are organized, may sue and be sued,
may have a common seal, which they may alter or renew at pleasure, may own,
possess and enjoy so much real and personal estate as shall be necessary
for the transaction of their business, and may sell and dispose of the same
when, in the opinion of the shareholders, it is not required for the use of
the association.
(Source: Laws 1915, p. 325.)
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