110 ILCS 30/0.01
Short title
Short title. This Act may be cited as the Educational Corporations Act. (Source: P.A. 86-1324.)
Illinois Compiled Statutes 110 ILCS 30 — Educational Corporations Act.
Illinois · statute · 110 ILCS 30 · 6 active provisions
110 ILCS 30/1
Whenever property, real or personal, heretofore has been or hereafter shall be bequeathed by will or granted, conveyed or donated by deed or other instrument, to trustees with direction that the property shall be applied by them to the foundation and establishment of an educational institution in this State, it shall b…
110 ILCS 30/2
Such acting trustees may make, sign and acknowledge and file in the office of the Secretary of State articles of incorporation of such corporation
Such acting trustees may make, sign and acknowledge and file in the office of the Secretary of State articles of incorporation of such corporation. The requisites of such articles of incorporation, the issuance of the certificate of incorporation by the Secretary of State and the recording of such articles and certific…
110 ILCS 30/3
Upon the issuance of a certificate of incorporation and the recording of the same and the articles of incorporation as herein required, said corporation shall be deemed fully organized, and may proceed to carry out its corporate purposes, and to receive by conveyance or transfer from the trustees under such will, deed…
110 ILCS 30/5
The affairs of such corporation shall be managed by a board of directors, who may be designated either as directors, managers or trustees
The affairs of such corporation shall be managed by a board of directors, who may be designated either as directors, managers or trustees. The directors may reside either within or without this state and be either members or non-members of the corporation, and shall have such other qualifications and be elected or appo…
110 ILCS 30/6
The amendments effected by this Act shall not affect any right accrued or established, or any liability or penalty incurred, prior to the passage of this Act
The amendments effected by this Act shall not affect any right accrued or established, or any liability or penalty incurred, prior to the passage of this Act. (Source: Laws 1949, p. 1613.)