(805 ILCS 105/102.25) (from Ch. 32, par. 102.25)
Sec. 102.25.
Bylaws.
The initial bylaws of a
corporation shall be adopted by its board of directors. The
power to alter, amend or repeal the bylaws or adopt new bylaws
shall be vested in the board of directors unless
otherwise provided in the articles of incorporation or the
bylaws. The bylaws may contain any provisions for the
regulation and management of the affairs of a corporation
not inconsistent with law or the articles of incorporation.
(Source: P.A. 84-1423.)
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