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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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 5/2.25) (from Ch. 32, par. 2.25)
Sec. 2.25.
By-laws.
Unless the power to make, alter, amend or repeal the by-laws is reserved
to the shareholders by the articles of incorporation, the by-laws of the
corporation may be made, altered, amended or repealed by the shareholders
or the board of directors, but no by-law adopted by the shareholders
may be altered, amended or repealed by the board of directors if the by-laws
so provide. The by-laws may contain
any provisions for the regulation and management of the affairs of the
corporation not inconsistent with law or the articles of incorporation.
(Source: P.A. 83-1025.)
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