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Illinois Compiled Statutes

805 ILCS 5/12.65 (2026)

Order of dissolution

✓ current as of May 2026
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(805 ILCS 5/12.65) (from Ch. 32, par. 12.65)
    Sec. 12.65. Order of dissolution.
    (a) If, after a hearing, the court orders dissolution pursuant to Section 12.50, 12.55, or 12.56, it shall enter an order dissolving the corporation and the clerk of the court shall deliver a certified copy of the order to the Secretary of State, who shall file the order.
    (b) After entering the order of dissolution, the court shall direct the winding up and liquidation of the corporation's business and affairs in accordance with Section 12.30 and the notification of its known claimants in accordance with Section 12.75 and shall retain jurisdiction until the same is complete.
(Source: P.A. 96-1121, eff. 1-1-11.)

    
Notes of Decisions
Cited in 1 case, 2011–2011 · leading case: Donovan v. Quade, 830 F. Supp. 2d 460 (N.D. Ill. 2011).
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Donovan v. Quade, 830 F. Supp. 2d 460 (N.D. Ill. 2011). “805 ILCS 5/12.65(a). Counsel shall prepare a joint proposed order of dissolution and deliver it to chambers by November 28, 2011.”
— 805 ILCS 5/12.65(a) — 1 case
Donovan v. Quade, 830 F. Supp. 2d 460 (N.D. Ill. 2011). “805 ILCS 5/12.65(a). Counsel shall prepare a joint proposed order of dissolution and deliver it to chambers by November 28, 2011.”
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