Illinois Compiled Statutes
805 ILCS 5/1.01 (2026)
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✓ current as of May 2026
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(805 ILCS 5/1.01)
(from Ch. 32, par. 1.01)
Sec. 1.01.
Short title.
This Act shall be known and may be cited as
the "Business Corporation Act of 1983".
(Source: P.A. 83-1025.)
Notes of Decisions
Cited in 52
cases (7 in the last 5 years), 1993–2026 · leading case: Henderson-Smith & Assocs., Inc. v. Nahamani Fam. Serv. Ctr., Inc., 752 N.E.2d 33 (Ill. App. Ct. 2001).
Henderson-Smith & Assocs., Inc. v. Nahamani Fam. Serv. Ctr., Inc., 752 N.E.2d 33 (Ill. App. Ct. 2001). “” 805 ILCS 5/12.30(c)(5) (West 1998). The second exception is a “corporate survival” provision, which extends the exception concerning actions that are pending at the time of dissolution to any causes of action that have accrued at that time.”
Aspen Am. Ins. Co. v. Interstate Warehouseing, Inc., 2017 IL 121281 (Ill. 2017). “¶ 22 Finally, plaintiff argues that, because defendant has registered to do business in Illinois under the Business Corporation Act of 1983 (Act) ( 805 ILCS 5/1.01 et seq. (West 2012)), and because defendant has a registered agent in Illinois for service of process, it has…”
Mount Mansfield Ins. Grp., Inc. v. Am. Int'l Grp., Inc., 865 N.E.2d 524 (Ill. App. Ct. 2007). “Specifically, they maintained that MMIG failed to allege that their purported demand on Mount Mansfield or the rehabilitator had been rejected, and failed to allege that such a rejection would be the result of fraud, illegality or conflict of interest as mandated by the Business…”
Bernstein & Grazian, P.C. v. Grazian & Volpe, P.C., 931 N.E.2d 810 (Ill. App. Ct. 2010). “Then, he alternatively cites the Illinois Business Organizations Act (805 ILCS 5/1.01 et seq. (West 2000)) and claims that the attorney fees from the “unfinished business” of B&G should be distributed according to its stock holdings.”
Swank v. Dep't of Revenue, 785 N.E.2d 204 (Ill. App. Ct. 2003). “The Swanks were also the sole shareholders and directors of Swank Educational Enterprises, an Illinois for-profit corporation, incorporated under the Business Corporation Act of 1983 (805 ILCS 5/1.01 (West 2000)). Swank Educational Enterprises did business as Rockford Business…”
Dismuke v. Rand Cook Auto Sales, Inc., 882 N.E.2d 607 (Ill. App. Ct. 2007). “As the incorporator of Rand Cook, Grossman had an obligation under the Business Corporation Act of 1983 (805 ILCS 5/1.01 et seq. (West 2004)) to name the initial directors of the corporation.”
Small v. Sussman, 713 N.E.2d 1216 (Ill. App. Ct. 1999). “Nor has the General Assembly adopted the ALI’s proposal as part of our Business Corporation Act of 1983 (see 805 ILCS 5/1.01 et seq. (West 1996)). In the absence of any palpable indication that such a proposal is particularly necessary or wise, we choose to follow the historical…”
Lozman v. Putnam, 767 N.E.2d 805 (Ill. App. Ct. 2002). “56) of the Business Corporation Act of 1983 (805 ILCS 5/1.01 et seq. (West 2000)) (Act); (XVI) damages against Putnam, Terra Nova, the Townsends and Townsend Analytics based on illegal and oppressive conduct and waste of corporate assets under section 12.”
NDC LLC v. Topinka, 871 N.E.2d 210 (Ill. App. Ct. 2007). “PRESIDING JUSTICE GROMETER delivered the opinion of the court: This appeal involves a dispute as to the amount, if any, of additional franchise tax due under the Illinois Business Corporation Act of 1983 (Business Corporation Act) (805 ILCS 5/1.01 et seq. (West 2004)) as a…”
Robertsson v. Misetic, 2018 IL App (1st) 171674 (Ill. App. Ct. 2018). “¶ 20 Similarly, our supreme court in Aspen held that a foreign corporation's registration to do business in Illinois and appointment of a service-of-process agent did not submit the corporation to general jurisdiction in Illinois.”
Pancoe v. Singh, 876 N.E.2d 288 (Ill. App. Ct. 2007). “, respectively, pursuant to the Illinois Business Corporation Act of 1983 (Act) (805 ILCS 5/1.01 et seq. (West 2004)). Count III of the complaint was against Singh for breach of contract.”
Carollo v. Irwin, 2011 IL App (1st) 102765 (Ill. App. Ct. 2011). “Under the Business Corporation Act of 1983 (805 ILCS 5/1.01 et seq. (West 2006)), in relevant part, a corporation has the following powers: “(d) To purchase, take, receive, lease as lessee, take by gift, legacy, or otherwise acquire, and to own, hold, use, and otherwise deal in…”
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