Illinois Statutes
§ 107.85 — Nonliability of members
Illinois § 107.85
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 § 107.85 (Nonliability of 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. 107.85 (2026).
Text
The members of a corporation shall not be personally liable for any debt or obligation of the corporation.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Source: P.A. 87-854.)
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 § 107.85, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/107.85.