Illinois Statutes
§ 107.80 — Derivative suits by voting members
Illinois § 107.80
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 805BUSINESS ORGANIZATIONS
Act 805 ILCS 105/General Not For Profit Corporation Act of 1986.
Art.Article 7 - Members
This text of Illinois § 107.80 (Derivative suits by voting members) 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
805 Ill. Comp. Stat. 107.80 (2026).
Text
Nothing in this Act shall be construed to affect any pre-existing common law right of a voting member to bring an action in this State in the right of such corporation, nor shall this Act be construed to create any such right that did not exist prior to the effective date of this Act.
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Legislative History
(Source: P.A. 84-1423.)
Nearby Sections
15
§ 107.03
Members§ 107.05
Meeting of members§ 107.15
Notice of members' meetings§ 107.20
Waiver of notice§ 107.25
Fixing record date for voting§ 107.35
Inspectors§ 107.40
Voting§ 107.50
Proxies§ 107.70
Voting agreements§ 107.75
Books and records§ 107.85
Nonliability of membersCite This Page — Counsel Stack
Bluebook (online)
Illinois § 107.80, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/107.80.