805 ILCS 5/6.35
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.35)Sec. 6.35.     Shares represented by certificates and uncertificated shares.     The issued shares of a corporation shall be represented by certificates  or shall be uncertificated shares.  Certificates shall be signed  by the appropriate corporate officers and may be sealed with  the seal, or a facsimile of the seal, of the corporation, if the corporation  uses a seal. In case the seal  of the corporation is changed after the certificate is sealed with the seal  or a facsimile of the seal of the corporation, but before it is issued, the  certificate may be issued by the corporation with the same effect as if the  seal had not been changed. If a certificate is countersigned by a transfer  agent or registrar, other than the corporation itself or its employee, any  other signatures or countersignature on the certificate may be facsimiles.  In case any officer of the corporation, or any officer or employee of the  transfer agent or registrar who has signed or whose facsimile signature has  been placed upon such certificate ceases to be an officer of the  corporation, or an officer or employee of the transfer agent or registrar  before such certificate is issued, the certificate may be issued by the  corporation with the same effect as if the officer of the corporation, or  the officer or employee of the transfer agent or registrar had not ceased  to be such at the date of its issue.Every certificate representing shares issued by a corporation which is  authorized to issue shares of more than one class shall set forth upon the  face or back of the certificate a full summary or statement of all of the  designations, preferences, qualifications, limitations, restrictions, and  special or relative rights of the shares of each class authorized to be  issued, and, if the corporation is authorized to issue any preferred or  special class in series, the variations in the relative rights and  preferences between the shares of each such series so far as the same have  been fixed and determined and the authority of the board of directors to  fix and determine the relative rights and preferences of subsequent series.  Such statement may be omitted from the certificate if it shall be set forth  upon the face or back of the certificate that such statement, in full, will  be furnished by the corporation to any shareholder upon request and without  charge.Each certificate representing shares shall also state:(a) That the corporation is organized under the laws of this State.(b) The name of the person to whom issued.(c) The number and class of shares, and the designation of the series,  if any, which such certificate represents.No certificate shall be issued for any share until such share is fully  paid.Unless otherwise provided by the articles of incorporation or by-laws,  the board of directors of a corporation may provide by resolution that some  or all of any or all classes and series of its shares shall be uncertificated  shares, provided that such resolution shall not apply to shares represented  by a certificate until such certificate is surrendered to the corporation.  Within a reasonable time after the issuance or transfer of uncertificated  shares, the corporation shall send to the registered owner thereof a written  notice containing the information required to be set forth or stated on  certificates pursuant to this Section.  Except as otherwise expressly provided by law, the rights and obligations  of the holders of uncertificated shares and rights and obligations of the  holders of certificates representing shares of the same class and series  shall be identical.    (Source: P.A. 83-1025.)