{"data":{"id":"us-il/805-ilcs-315-15.2","jurisdiction":"us-il","citation":"805 ILCS 315/15.2","heading":"","body":"No association shall issue stock until it has been fully paid for. Promissory notes may be accepted by the association as full or partial payment of the stock. The association shall hold the stock as security for the payment of the note, but such retention as security shall not affect the right of any stockholder to vote unless such notes are past due.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","Agricultural Co-Operative Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2296\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"fab679d20e490d789e00a967726b8f47236e770d0710013556674ed1585f389b","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-315-15.1","next":"us-il/805-ilcs-315-15.3"},"notice":"GroundRules: Original legal text. Not legal advice."}