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Illinois Statutes Chapter 805. Business Organizations § 5/2.25. By-laws

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 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to the shareholders by the articles of incorporation, the by-laws of the corporation may be made, altered, amended or repealed by the shareholders or the board of directors, but no by-law adopted by the shareholders may be altered, amended or repealed by the board of directors if the by-laws so provide.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.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 805. Business Organizations § 5/2.25. By-laws - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-805-business-organizations/il-st-sect-805-5-2-25/

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