Illinois corporate bylaws are rules set forth at the inception of a corporation to configure and regulate the company’s internal affairs. Bylaws are designed to increase organization by clearly outlining the rights and responsibilities of the various positions held by corporate officers and directors. They also specify policies for calling and holding meetings, including the corporation’s quorum requirements and voting procedures.
Chapter: Chapter 805 ILCS 5
- Bylaws: 805 ILCS 5/2.25
- Indemnification: 805 ILCS 5/8.75
- Notice of meetings:
- Stock issuance & certificates: 805 ILCS 5/6.05 – 805 ILCS 5/6.15, 805 ILCS 5/6.35