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ILLINOIS LEGAL INFORMATION
Forming a Corporation--Law and Links
Illinois Corporate Code.
Illinois Secretary of State, Business Services Home page.
Illinois Business Name Search (use to check on corporate name availability).
Illinois Articles of Incorporation.
Articles of Incorporation filing fee: $150
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Selected Illinois Corporate Statutes
- Sec. 2.20. Organization of Corporation.
(a) If there are no preincorporation subscribers and if initial directors are not named in the articles of incorporation, a meeting of the incorporators shall be held at the call of a majority of the incorporators for the purpose of naming the initial directors.
(b) If there are preincorporation subscribers and if initial directors are not named in the articles of incorporation, the first meeting of shareholders shall be held after the filing of the articles of incorporation at the call of a majority of the incorporators for the purpose of:
- electing initial directors;
- adopting by-laws if the articles of incorporation so require or the shareholders so determine;
- such other matters as shall be stated in the notice of the meeting.
- In lieu of a meeting, shareholder action may be taken by consent in writing pursuant to Section 7.10 of this Act.
(c) The first meeting of the initial directors shall be held at the call of the majority of them for the purpose of:
- adopting by-laws if the shareholders have not adopted them;
- electing officers; and
- transacting such other business as may come before the meeting.
(d) At least three days written notice of an organizational meeting shall be given unless the persons entitled to such notice waive the same in writing, either before or after such meeting. An organizational meeting may be held either within or without this State.
- Sec. 4.05. Corporate name of domestic or foreign corporation.
(a) The corporate name of a domestic corporation or of a foreign corporation organized, existing or subject to the provisions of this Act:
- Shall contain, separate and apart from any other word or abbreviation in such name, the word "corporation", "company", "incorporated", or "limited", or an abbreviation of one of such words, and if the name of a foreign corporation does not contain, separate and apart from any other word or abbreviation, one of such words or abbreviations, the corporation shall add at the end of its name, as a separate word or abbreviation, one of such words or an abbreviation of one of such words.
- Shall not contain any word or phrase which indicates or implies that the corporation (i) is authorized or empowered to conduct the business of insurance, assurance, indemnity, or the acceptance of savings deposits; (ii) is authorized or empowered to conduct the business of banking unless otherwise permitted by the Commissioner of Banks and Real Estate pursuant to Section 46 of the Illinois Banking Act; or (iii) is authorized or empowered to be in the business of a corporate fiduciary unless otherwise permitted by the Commissioner of Banks and Real Estate under Section 1-9 of the Corporate Fiduciary Act. The word "trust", "trustee", or "fiduciary" may be used by a corporation only if it has first complied with Section 1-9 of the Corporate Fiduciary Act. The word "bank", "banker" or "banking" may only be used by a corporation if it has first complied with Section 46 of the Illinois Banking Act.
Library of Informational Legal Articles
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