reglab/housing_qa huggingface dataset:
805 ILCS 5/5.20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 5 - Office And Agent

 (from Ch. 32, par. 5.20)Sec. 5.20. Change of Address of Registered Agent.(a) A registered agent  may change the address of the registered office of the domestic corporation  or of the foreign corporation, for which he or she or it is registered agent,  to another address in this State, by filing, in duplicate, in accordance  with Section 1.10 of this Act a statement setting forth:(1) The name of the corporation.(2) The address, including street and number, or     rural route number, of its then registered office.(3) The address, including street and number, or     rural route number, to which the registered office is to be changed.(4) The name of its registered agent.(5) That the address of its registered office and the     address of the business office of its registered agent, as changed, will be identical.Such statement shall be executed by the registered agent.(b) (Blank).(c) The change of address of the registered office shall become effective  upon  the filing of such statement by the Secretary of State.  (Source: P.A. 96-1121, eff. 1-1-11.)
805 ILCS 5/5.30
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 5 - Office And Agent

(805 ILCS 5/5.30) (from Ch. 32, par. 5.30)Sec. 5.30.         Service of process on foreign corporation not authorized  to transact business in Illinois.  If any foreign corporation transacts  business in this State without having obtained authority  to transact business, it shall be deemed that such corporation has designated  and appointed the Secretary of State as an agent for process upon whom any  notice, process or demand may be served.  Service on the Secretary of State  shall be made in the manner set forth in subsection (c) of Section 5.25  of this Act.    (Source: P.A. 92-33, eff. 7-1-01.)
805 ILCS 5/Art. 6 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 ARTICLE 6.      SHARES
805 ILCS 5/6.10
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.10)Sec. 6.10.     Issuance of shares of preferred or special classes in series.     (a) If the articles of incorporation so provide, the shares of any preferred  or special class may be divided into and issued in series. If the shares  of any such class are to be issued in series, then each series shall be  so designated as to distinguish the shares thereof from the shares of all  other series and classes. Any or all of the series of any such class and  the variations in the relative rights and preferences as between different  series may be fixed and determined by the articles of incorporation or  by resolution of the board of directors pursuant to authority contained  in the articles of incorporation, subject to the provisions of Section 7.40,  provided that all shares of the same class  shall be identical except as to the following relative rights and preferences,  in respect of any or all of which there may be variations between different series:(1) The rate of dividend, or the facts ascertainable outside the  articles of incorporation, or the resolution of the board of directors  pursuant to authority contained in the articles of incorporation, providing  the basis for determining such rate of dividend, but only if the manner in  which such facts are to operate upon the dividend rate of any such series  shall be clearly and expressly set forth in the articles of incorporation  or in  such resolution.(2) The price at and the terms and conditions on which shares may be redeemed.(3) The amount payable upon shares in event of involuntary liquidation.(4) The amount payable upon shares in event of voluntary liquidation.(5) Sinking fund provisions for the redemption or purchase of shares.(6) The terms and conditions on which shares may be converted, if the  shares of any series are issued with the privilege of conversion.(7) The limitation or denial of voting rights, or the grant of special voting rights.(b) Prior to the issue of any shares of a series established by resolution  adopted by the board of directors, the corporation shall execute and file  in duplicate, in accordance with Section 1.10 of this Act, a statement setting forth:(1) The name of the corporation.(2) A copy of the resolution establishing and designating the series,  and fixing and determining the relative rights and preferences thereof.(3) The date of adoption of such resolution.(4) That such resolution was duly adopted by the board of directors.(c) Upon the filing of such statement by the Secretary of State, the resolution  establishing and designating the series and fixing and determining the relative  rights and preferences thereof shall become effective.    (Source: P.A. 86-464.)
805 ILCS 5/6.15
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.15)Sec. 6.15. Issuance of fractional shares or scrip. A corporation may, but shall not be obliged to, issue a certificate for  a fractional share, and, by action of its board of directors, may in lieu  thereof, pay cash equal to the fair  value of said fractional share, or issue  scrip in registered or bearer form which shall entitle the holder to receive  a certificate for a full share upon the surrender of such scrip aggregating  a full share. A certificate for a fractional share shall, but scrip shall  not unless otherwise provided therein, entitle the holder to exercise fractional  voting rights, to receive dividends thereon and to participate in any of  the assets of the corporation in the event of liquidation. The board of  directors may cause such scrip to be issued subject to the condition that  it shall become void if not exchanged for certificates representing full  shares before a specified date, or subject to the condition that the shares  for which such scrip is exchangeable may be sold by the corporation or by  an agent on behalf of the holder thereof and the proceeds thereof distributed  to the holders of such scrip or subject to any other conditions which the  board of directors may deem  advisable.For purposes of this Section, "fair value", with respect to the cashout of a fractional share, means the proportionate interest of the fractional  share in the corporation, without any discount for minority status or, absent extraordinary circumstance, lack of marketability.       (Source: P.A. 94-889, eff. 1-1-07.)
805 ILCS 5/6.20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.20)Sec. 6.20.     Subscriptions for shares.     A subscription for shares of  a corporation to be organized  shall be irrevocable for a period of six months unless otherwise provided by the  terms of the subscription agreement, or unless all of the subscribers  consent to the revocation of such subscription. The filing of the articles  of incorporation by the Secretary of State shall constitute acceptance by  the corporation of all existing subscriptions to its shares, and thereupon  subscribers for shares, or their assigns, shall be deemed to be the  shareholders of the corporation, and the corporation shall have the right  to enforce such subscriptions in its own name.Unless otherwise provided in the subscription agreement, subscriptions  for shares, whether made before or after the organization of a corporation,  shall be paid in full at such time, or in such installments and at such  times, as shall be determined by the board of directors. Any call made by  the board of directors for payment on subscriptions shall be uniform as to  all shares of the same class or as to all shares of the same series, as the  case may be. In case of default in the payment of any installment or call  when such payment is due, the corporation may proceed to collect the amount  due in the same manner as any debt due the corporation. The by-laws may  prescribe other penalties for failure to pay installments or calls that may  become due, but no penalty working a forfeiture of the shares, or of the  amounts paid thereon, shall be declared as against the estate of any  decedent before distribution shall have been made of the estate, or against  any subscriber unless the amount due thereon shall remain unpaid for a  period of twenty days after written demand has been made therefor. If  mailed, such written demand shall be deemed to be made when deposited in  the United States mail in a sealed envelope addressed to the subscriber at  his or her last known post office address, with the postage thereon prepaid. In the  event of the sale of any shares by reason of any forfeiture, the excess of  proceeds realized over the amount due and unpaid on such shares shall be  paid to the delinquent subscriber or to his or her legal representative.    (Source: P.A. 83-1025.)
805 ILCS 5/6.25
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.25)Sec. 6.25.     Consideration for shares.     (a) Shares may be issued for  such consideration as shall be authorized from time to time by the board  of directors through action which establishes a price in cash or other consideration,  or both,  or a minimum price or a general formula or method by which the price can be determined.(b) Upon authorization by the board of directors, the corporation may  issue its own shares in exchange for or in conversion of its outstanding  shares, or may distribute its own shares pro rata to its shareholders or  the shareholders of one or more classes or series to effectuate dividends  or splits provided, that the value fixed by the board of directors in  connection with such dividend or split shall be transferred to paid-in  capital of the corporation and; provided,  that no such issuance of shares of any class or series shall be made to  the holders of shares of any other class or series unless it is either  expressly provided for in the articles of incorporation or authorized  by an affirmative vote of the holders of at least a majority of the outstanding  shares of the class or series in which the distribution is to be made.    (Source: P.A. 84-1412.)
805 ILCS 5/6.30
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.30)Sec. 6.30.     Payment for shares.     The consideration for the issuance of shares may be paid, in whole or in  part, in money, in other property, tangible or intangible, or in labor or  services actually performed for the corporation. When payment of the  consideration for which shares are to be issued shall have been received by  the corporation, such shares shall be deemed to be full paid and  non-assessable. In the absence of actual fraud in the transaction, and subject  to the provisions of Section 8.60, the  judgment of the board of directors or the shareholders, as the case may be,  as to the value of the consideration received for shares shall be  conclusive.    (Source: P.A. 83-1025.)
805 ILCS 5/6.40
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.40)Sec. 6.40.         Liability of subscribers, shareholders, personal representatives  and pledgees.  A holder of or subscriber to shares of a corporation shall be under no  obligation to the corporation or its creditors with respect to such shares  other than the obligation to pay to the corporation the full consideration  for which the shares were issued or to be issued. Any person becoming an  assignee or transferee of shares or of a subscription for shares in good  faith and without knowledge or notice that the full consideration therefor  has not been paid shall not be personally liable to the corporation or its  creditors for any unpaid portion of such consideration.No person holding shares as executor, administrator,  guardian, trustee, assignee for the benefit of creditors, or receiver shall  be personally liable as a shareholder, but the beneficial owner thereof and  the estate and funds in the custody of the executor, administrator,  guardian, trustee, assignee, or receiver shall be liable for any unpaid  portion of the full consideration for which such shares were  issued or to be issued.  No pledgee or other holder of shares as collateral  security shall be  personally liable as a shareholder.    (Source: P.A. 83-1025.)
805 ILCS 5/6.45
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.45)Sec. 6.45.     Expenses of organization, reorganization, and financing.     The reasonable charges and expenses of organization or reorganization of  a corporation and reasonable compensation for the sale or underwriting of  its shares, may be paid or allowed by such corporation out of the  consideration received by it in payment for its shares without thereby  rendering such shares not full paid and non-assessable.    (Source: P.A. 83-1025.)
805 ILCS 5/6.50
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

 (from Ch. 32, par. 6.50)Sec. 6.50.     Shareholders' preemptive rights.(a) The shareholders of a  corporation organized on or after January 1, 1982,  shall have no preemptive rights to acquire unissued shares of the corporation,  or securities of the corporation convertible into or carrying a right to  subscribe to or acquire shares, except to the extent, if any, that such  right is provided  in the articles of incorporation.(b) The preemptive right of a shareholder to acquire unissued or  treasury shares, whether then or thereafter authorized, of a  corporation organized prior to January 1, 1982 may be limited or denied to the  extent provided in the articles of incorporation.(c) Unless otherwise provided by its articles of incorporation, any  corporation having preemptive rights may issue and sell its shares to its  employees or to the  employees of any subsidiary corporation, without first offering the same to  its shareholders, for such consideration and upon such terms and conditions  as shall be approved by the holders of two-thirds of its shares entitled to  vote with respect thereto or by its board of directors pursuant to like  approval of the shareholders.(d) Unless otherwise provided in the articles of incorporation of a  corporation having preemptive rights, shareholders have a preemptive right to  acquire treasury shares to the same extent that they have a preemptive right to  acquire unissued shares.    (Source: P.A. 88-151.)
805 ILCS 5/6.55
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 6 - Shares

(805 ILCS 5/6.55) (from Ch. 32, par. 6.55)Sec. 6.55.     Restriction on transfer of securities.(a) A written restriction on the transfer or registration of transfer of  a security of a corporation, if permitted by this Section 6.55 and noted  conspicuously on the certificate representing the security or, in the case  of an uncertificated security, contained in the notice sent pursuant to  Section 6.35 of this Act, may be enforced against the holder of the  restricted security or any successor or transferee of the holder including an  executor, administrator, trustee, guardian or other fiduciary entrusted  with like responsibility for the person or estate of the holder.  Unless  noted conspicuously as required herein, a restriction, even though permitted  by this Section is ineffective except against a shareholder with actual  knowledge of the restriction at the time of becoming a shareholder.(b) A restriction on the transfer or registration of transfer of  securities of a corporation may be imposed either by the certificate of  incorporation or by the by-laws or by an agreement among any number of  security holders or among such holders and the corporation.  No restriction  so imposed shall be binding with respect to securities issued prior to the  adoption of the restriction unless the holders of the securities are  parties to an agreement or voted in favor of the restriction.(c) A restriction on the transfer of securities of a corporation is  permitted by this Section if it:(1) obligates the holder of the restricted securities     to offer to the corporation or to any other holders of securities of the corporation or to any other person or to any combination of the foregoing, a prior opportunity, to be exercised within a reasonable time, to acquire the restricted securities; or(2) obligates the corporation or any holder of     securities of the corporation or any other person or any combination of the foregoing, to purchase the securities which are the subject of an agreement respecting the purchase and sale of the restricted securities; or(3) requires the corporation or the holders of any     class of securities of the corporation to consent to any proposed transfer of the restricted securities or to approve the proposed transferee of the restricted securities; or(4) prohibits the transfer of the restricted     securities to designated persons or classes of persons, and such designation is not manifestly unreasonable.(d) Any restriction on the transfer of the shares of a corporation for  the purpose of maintaining its status as an electing small business  corporation under subchapter S of the United States Internal Revenue Code  of 1986, as amended, or of maintaining any other tax advantage to the  corporation is conclusively presumed to be for a reasonable purpose.(e) Any other lawful restriction on transfer or registration of transfer  of securities is permitted by this Section.    (Source: P.A. 86-1328.)
805 ILCS 5/Art. 7 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 7 - Shareholders

 ARTICLE 7.      SHAREHOLDERS
805 ILCS 5/7.10
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 7 - Shareholders

 (from Ch. 32, par. 7.10)Sec. 7.10.     Informal action by shareholders.     (a) Unless otherwise provided  in the articles of incorporation or Section 12.10 of this Act,  any action required by this Act to be taken at any annual or special meeting  of the shareholders of a corporation, or any other action which may be taken at a  meeting of the shareholders, may be taken without a meeting and without  a vote, if a consent in  writing, setting forth the action so taken, shall be signed (i)  by the holders  of outstanding  shares having not less than the minimum number of votes that would be necessary  to authorize or take such action at a meeting at which all shares entitled  to vote thereon were present and voting or (ii) by all of the shareholders  entitled to vote with respect to the subject matter thereof.  If such consent is signed by less than all of the shareholders entitled  to vote, then such consent shall become effective only if at least 5 days  prior to the execution of the consent a notice in writing is delivered  to all the shareholders entitled to vote with respect to the subject matter  thereof and, after the effective date of the consent,  prompt notice of the taking of the corporation action  without a meeting  by less than unanimous written consent shall be delivered in  writing to those  shareholders who have not consented in writing.(b) In the event that the action  which is consented to is such as would have required the filing of a certificate  under any other Section of this Act if such action had been voted on by  the shareholders at a meeting thereof, the certificate filed under such  other Section shall state, in lieu of any statement required by such Section  concerning any vote of shareholders, that written consent has been delivered  in accordance with the provisions of this Section and that written notice  has been delivered as provided in this Section.    (Source: P.A. 84-924.)
805 ILCS 5/7.15
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 7 - Shareholders

 (from Ch. 32, par. 7.15)Sec. 7.15. Notice of shareholders' meetings. Written notice stating the place, if any, day, hour of the  meeting, and the means of remote communication, if any, by which shareholders may be deemed to be present in person and vote at such meeting, and, in the case of a special meeting, the purpose or purposes for  which the meeting is called, shall be delivered not less than 10 nor more  than 60 days before the date of the meeting, or in the case of a merger,  consolidation, share exchange, dissolution or sale, lease or exchange of  assets not less than 20 nor more than 60 days before the  date of the meeting, either personally or by mail, by or at the direction  of the president, or the secretary, or the officer or persons calling the  meeting, to each shareholder of record entitled to vote at such meeting. If  mailed, such notice shall be deemed to be delivered when deposited in the  United States mail addressed to the shareholder at his or her address as it  appears on the records of the corporation, with postage thereon prepaid.  (Source: P.A. 102-282, eff. 1-1-22.)
805 ILCS 5/7.20
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 7 - Shareholders

 (from Ch. 32, par. 7.20)Sec. 7.20.     Waiver of notice.     Whenever any notice whatever is required to be given under the  provisions of this Act or under the provisions of the articles of  incorporation or by-laws of any corporation, a waiver thereof in writing  signed by the person or persons entitled to such notice, whether before or  after the time stated therein, shall be deemed equivalent to the giving of  such notice.  Attendance at any meeting shall constitute waiver of notice  thereof unless the person at the meeting objects to the holding of the meeting  because proper notice was not given.    (Source: P.A. 83-1025.)
805 ILCS 5/7.25
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 7 - Shareholders

 (from Ch. 32, par. 7.25)Sec. 7.25.     Fixing record date.     For the purpose of determining shareholders entitled to notice of or to  vote at any meeting of shareholders, or shareholders entitled to receive  payment of any dividend, or in order to make a determination of  shareholders for any other proper purpose, the board of directors of a  corporation may  fix in advance a date as the record date for any such determination of  shareholders, such date in any case to be not more than 60 days and, for a  meeting of shareholders, not less than 10 days, or in the case of a merger,  consolidation, share exchange, dissolution or sale, lease or exchange of  assets, not less than 20 days, immediately preceding such meeting.  If no record date is fixed for  the determination of shareholders entitled to notice of or to vote at a  meeting of shareholders, or shareholders entitled to receive payment of a  dividend, the date on which notice of the meeting is mailed or the date on  which the resolution of the board of directors declaring such dividend is  adopted, as the case may be, shall be the record date for such  determination of shareholders. When a determination of shareholders  entitled to vote at any meeting of shareholders has been made as provided  in this Section, such determination shall apply to any adjournment thereof.  In lieu of the board of directors from time to time establishing record  dates, the by-laws of the corporation may establish a mechanism for determining  record dates in all or specified instances.    (Source: P.A. 84-924.)