805 ILCS 5/8.35
Removal of directors
Find cases:
SyfertCases citing this section
IL-ILGAilga.gov
JustiaChapter on Justia
CornellLII Search
CasesGoogle Scholar
(805 ILCS 5/8.35)
(from Ch. 32, par. 8.35)
Sec. 8.35.
Removal of directors.
(a) One or more of the directors
may be removed, with or without cause, at a meeting of shareholders by the
affirmative vote of the holders of a majority of the outstanding shares
then entitled to vote at an election of directors, except as follows:
(1) No director shall be removed at a meeting of shareholders unless the
notice of such meeting shall state that a purpose of the meeting is to vote
upon the removal of one or more directors named in the notice. Only the
named director or directors may be removed at such meeting.
(2) In the case of a corporation having cumulative voting, if less than
the entire board is to be removed, no director may be removed, with or without
cause, if the votes cast against his or her removal would be sufficient to
elect him or her if then cumulatively voted at an election of the entire
board of directors.
(3) If a director is elected by a class or series of shares, he or she may
be removed only by the shareholders of that class or series.
(4) In the case of a corporation whose board is classified as provided
in subsection (e) of Section 8.10, the articles of incorporation may
provide that directors may be removed only for cause.
(b) The provisions of subsection (a) shall not preclude the circuit court
of the county in which the corporation's registered office is located from
removing a director of the corporation from office in a proceeding commenced
either by corporation or by shareholders of the corporation holding at least
10 percent of the outstanding shares of any class if the court finds (1)
the director is engaged in fraudulent or dishonest conduct or has grossly abused
his or her position to the detriment of the corporation, and (2) removal is in
the best interest of the corporation. If the court removes a director,
it may bar the director from reelection for a period prescribed by the court.
If such a proceeding is commenced by the shareholders, they shall make the
corporation a party defendant.
(Source: P.A. 84-924.)
Notes of Decisions
Cited in 5
cases (2 in the last 5 years), 2003–2025 · leading case: Rose v. Mavrakis
Rose v. Mavrakis (2003)
“56 of the Business Corporation Act of 1983 (805 ILCS 5/8.35(b), 12.56 (West 1998)). On March 19, 2002, Mavrakis filed a counterclaim in case number 98 CH 09279, seeking declaratory and injunctive relief against Rose, Costas, and Theros, as well as against Constantinos Piladakis…”
Santella v. Kolton (2009)
“35(b) of the Business Corporation Act (805 ILCS 5/8.35(b) (West 2006) (Court may remove director of corporation from office upon petition of shareholders upon finding that “(1) the director is engaged in fraudulent or dishonest conduct or has grossly abused his or her position…”
Davis v. Scheck (2025)
“35(b) of the BCA (805 ILCS 5/8.35(b) (West 2022)). ¶8 The Cook County Lawsuit took nearly seven years to finish and was resolved after a full bench trial.”
River Breeze, LLC v. Granholm (2022)
“805 ILCS 5/8.35(b) (West 2016). While derivative suits by shareholders/members seeking to remove directors are rare, they exist.”
Rose v. Mavrakis (2003)
“56 of the Business Corporation Act of 1983 (805 ILCS 5/8.35(b) 5/12.56 (West 1998)). On March 19, 2002, Mavrakis filed a counterclaim in case number 98 CH 09279, seeking declaratory and injunctive relief against Rose, Costas, and Theros, as well as against Constantinos Piladakis…”
— 805 ILCS 5/8.35(b) — 5 cases
Rose v. Mavrakis (2003)
“56 of the Business Corporation Act of 1983 (805 ILCS 5/8.35(b), 12.56 (West 1998)). On March 19, 2002, Mavrakis filed a counterclaim in case number 98 CH 09279, seeking declaratory and injunctive relief against Rose, Costas, and Theros, as well as against Constantinos Piladakis…”
Santella v. Kolton (2009)
“35(b) of the Business Corporation Act (805 ILCS 5/8.35(b) (West 2006) (Court may remove director of corporation from office upon petition of shareholders upon finding that “(1) the director is engaged in fraudulent or dishonest conduct or has grossly abused his or her position…”
Davis v. Scheck (2025)
“35(b) of the BCA (805 ILCS 5/8.35(b) (West 2022)). ¶8 The Cook County Lawsuit took nearly seven years to finish and was resolved after a full bench trial.”
River Breeze, LLC v. Granholm (2022)
“805 ILCS 5/8.35(b) (West 2016). While derivative suits by shareholders/members seeking to remove directors are rare, they exist.”
Rose v. Mavrakis (2003)
“56 of the Business Corporation Act of 1983 (805 ILCS 5/8.35(b) 5/12.56 (West 1998)). On March 19, 2002, Mavrakis filed a counterclaim in case number 98 CH 09279, seeking declaratory and injunctive relief against Rose, Costas, and Theros, as well as against Constantinos Piladakis…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.
|