Illinois § 181
Full text of Illinois Illinois Compiled Statutes § 181, with citation guidance and answers to common questions.
§ 181.
Articles of reorganization. (1) The board of directors, trustees or other governing body of any such company desiring to reorganize under this Article shall comply with all laws and requirements of its domiciliary state or country with reference to reorganization under the laws of another state or country. (2) Such board of directors, trustees or other governing body shall adopt a resolution approving articles of reorganization setting forth: (a) the name of the company; and if the name of the company upon reorganization is to be changed, the proposed name of the reorganized company; (b) the title of the act under which it was organized or incorporated; (c) the matters required to be set forth in original articles of incorporation of a similar domestic company; (d) that it shall be bound by all the terms and provisions of this Code, applicable to similar domestic companies organized or incorporated thereunder; and (e) such other particulars as are deemed necessary or advisable. (Source: P.A. 86-632; 86-634; 86-1028.)
Frequently Asked Questions About Illinois § 181
What does Illinois Compiled Statutes § 181 cover?
Section 181 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 181?
A common citation format is "Illinois Compiled Statutes § 181" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 181 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.