GroundRules
← Search the law
Illinois · Through at least Public Act 104-790

805 ILCS 317/65: Conversion.

Read at publisher ↗
Where this section sits in the code
  1. CHAPTER 805 BUSINESS ORGANIZATIONS
  2. Limited Worker Cooperative Association Act.

A limited worker cooperative association may convert into any form of entity permitted if the board of managers or managing members of the limited worker cooperative association adopts a plan of conversion and the assembly adopts such a plan by a two-thirds majority vote. In the case of a collective worker cooperative, a limited worker cooperative association may convert into any form of entity permitted if the members adopt a plan by a two-thirds majority vote. Conversions from other forms of entities to a limited worker cooperative association are governed by the Entity Omnibus Act.

Collected 2026-09-15T04:46:47Z. Source file · JSON

Browse this collection