Illinois Statutes
§ 65 — Conversion
Illinois § 65
JurisdictionIllinois
TopicBUSINESS AND EMPLOYMENT
Ch. 805BUSINESS ORGANIZATIONS
Act 805 ILCS 317/Limited Worker Cooperative Association Act.
This text of Illinois § 65 (Conversion) 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. 65 (2026).
Text
A limited worker cooperative association may convert into any form of entity permitted if the board of managers or managing members of the limited worker cooperative association adopts a plan of conversion and the assembly adopts such a plan by a two-thirds majority vote. In the case of a collective worker cooperative, a limited worker cooperative association may convert into any form of entity permitted if the members adopt a plan by a two-thirds majority vote. Conversions from other forms of entities to a limited worker cooperative association are governed by the Entity Omnibus Act.
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Legislative History
(Source: P.A. 101-292, eff. 1-1-20; 102-351, eff. 8-13-21.)
Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 65, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/805/65.