Illinois Statutes
§ 21
Illinois § 21
This text of Illinois § 21 is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
610 Ill. Comp. Stat. 21 (2026).
Text
No such corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was organized. All stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void.
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Legislative History
(Source: Laws 1871, p. 625.)
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 21, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/610/21.