805 ILCS 5/3.20: Unauthorized assumption of corporate powers.
Where this section sits in the code
- CHAPTER 805 BUSINESS ORGANIZATIONS
- Business Corporation Act of 1983.
All persons who assume to exercise corporate powers without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.
Collected 2026-09-15T04:46:46Z. Source file · JSON