Illinois § 55 Assembly

Illinois Statutes

§ 55 — Assembly

Illinois § 55

TopicBUSINESS AND EMPLOYMENT

Ch. 805BUSINESS ORGANIZATIONS

Act 805 ILCS 317/Limited Worker Cooperative Association Act.

This text of Illinois § 55 (Assembly) 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. 55 (2026).

Text

(a)A limited worker cooperative association, other than a collective worker cooperative, must have an assembly as constituted by the body of voting members.

(b)An individual is not an agent for a limited worker cooperative association solely by being a member of the assembly.

(c)A debt, obligation, or other liability of a limited worker cooperative association is solely that of the association and is not a debt, obligation, or liability of a member of the assembly solely by reason of being a voting member. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a voting member.

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(a) A limited worker cooperative association, other than a collective worker cooperative, must have an assembly as constituted by the body of voting members. (b) An individual is not an agent for a limited worker cooperative association solely by being a member of the assembly. (c) A debt, obligation, or other liability of a limited worker cooperative association is solely that of the association and is not a debt, obligation, or liability of a member of the assembly solely by reason of being a voting member. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a voting member.