(805 ILCS 5/7.55) (from Ch. 32, par. 7.55)

Sec. 7.55. Proxy solicitation. No proxy shall be solicited by means of any communication containing a statement which, at the time and in the light of the circumstances under which it is made, is false or misleading with respect to any material fact, or which omits to state any material fact necessary in order that the statements made not be false or misleading.

(Source: P.A. 83-1025.)