805 ILCS 105/112.12

(805 ILCS 105/112.12)

Sec. 112.12. Dissolution of residential cooperative housing corporations. When a not-for-profit corporation organized for the purpose of ownership or administration of residential property on a cooperative basis has members entitled to vote on dissolution, there must be an open meeting and vote of those members before a dissolution may be authorized.

(Source: P.A. 98-302, eff. 1-1-14.)