805 ILCS 120/5
Powers and duties of consolidated corporation
Illinois · Illinois Compiled Statutes 805 ILCS 120 — Merger of Not For Profit Corporations Act. · Status: effective
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- 805 ILCS 120/5, Powers and duties of consolidated corporation, Illinois, version 1 as recorded 2026-08-15, yourstate.us, https://yourstate.us/provision/1301769
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Powers and duties of consolidated corporation. When such merger or consolidation has been effected, the merged or consolidated corporations shall be a single corporation in accordance with the terms and provisions of the resolution so adopted and approved, and shall be subject to all the duties and liabilities, and have all the rights, privileges, immunities and powers of a non-profit corporation formed under the provisions of the laws of this state pertaining to the organization of corporations not for pecuniary profit. (Source: Laws 1933, p. 392.)