{"data":{"id":"us-il/805-ilcs-105-106.05","jurisdiction":"us-il","citation":"805 ILCS 105/106.05","heading":"Shares and dividends prohibited.","body":"A corporation shall not have or issue shares. No dividend shall be paid and no part of the money, property or other assets of a corporation shall be distributed to its members, directors or officers; provided, however, that a corporation may pay compensation in a reasonable amount to members, officers or directors for services rendered, including for service as a director only, and may make distributions pursuant to Section 109.10 of this Act or upon dissolution or final liquidation as permitted by Article 12 of this Act.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","General Not For Profit Corporation Act of 1986."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2280\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"98b206d03d53467f05f80b90f7ed4f69ac5dd73dbfb23cfb523b66ba037c9284","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-105-105.30","next":"us-il/805-ilcs-105-106.10"},"notice":"GroundRules: Original legal text. Not legal advice."}