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Articles of Incorporation: Prohibition or Limitation on Informal Action by Shareholders (IL)
Practical Law Standard Clauses w-000-0392 (Approx. 7 pages)
Articles of Incorporation: Prohibition or Limitation on Informal Action by Shareholders (IL)
by Practical Law Corporate & Securities
| Law stated as of 07 Aug 2023 • Illinois |
A Standard Clause for an Illinois corporation's articles of incorporation prohibiting shareholder action by written consent. This Standard Clause has integrated notes with important explanations and drafting tips.