Non-Profit Corporations 

Illinois Compiled Statutes > Business > Chapter 805 > Nonprofit Corporations

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Questions & Answers: Non-Profit Corporations

If a 1976 corporation homeowners association failed to adopt any bylaws and in 2007 filed them finally in the county in which the townhomes were, but the articles and by laws were...

Suzanne, Unless the association has been legally dissolved, it can continue operating, despite problems with its corporate formalities. To use an analogy, Citibank has to file a va...

501c7 (country club) wants to dissolve and sell to or form a for-profit corp. Would sell shares to interested parties. Would sell $500,000.00 in shares to raise enough money to mak...

Must a vote on an issue be held during a regular membership meeting? If the answer is yes, if a quorum is not met, may the vote still be taken and is it binding?...

Is the board of a 501c3 non-profit obligated to provide minutes to their meetings if requested by a stakeholder? In the event of an animal shelter, would a donor or volunteer be co...

If the president of a board says something to a child (member) in her vehicle on personal time. Then that child repeats it to another child (member) during company time is the boa...

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