(805 ILCS 105/107.05) (from Ch. 32, par. 107.05)
Sec. 107.05.
Meeting of members.
(a) Meetings of
members may be held either within or without
this State, as may be provided in the bylaws or in a
resolution of the board of directors pursuant to authority
granted in the bylaws. In the absence of any such
provision, all meetings shall be held at the registered
office of the corporation in this State.
(b) An annual meeting of the members entitled to vote may
be held at such time as may be provided in the bylaws or in
a resolution of the board of directors pursuant to authority
granted in the bylaws. Failure to hold the annual meeting
at the designated time shall not work a forfeiture or
dissolution of the corporation nor affect the validity of
corporate action. If an annual meeting has not been held
within the earlier of six months after the end of the
corporation's fiscal year or fifteen months after its last
annual meeting and if, after a request in writing directed
to the president of the corporation, a notice of meeting is
not delivered to members entitled to vote within 60 days of
such request, then any member entitled to vote at an annual
meeting may apply to the circuit court of the county in
which the registered office or principal place of business
of the corporation is located for an order directing that
the meeting be held and fixing the time and place of the
meeting. The court may issue such additional orders as may
be necessary or appropriate for the holding of the meeting.
(c) Special meetings of the members may be called by the
president or by the board of directors. Special meetings of
the members may also be called by such other officers or
persons or number or proportion of members entitled to vote
as may be provided in the articles of incorporation or the
bylaws. In the absence of a provision fixing the number or
proportion of members entitled to vote who are entitled to
call a meeting, a special meeting of members entitled to
vote may be called by such members having one-twentieth of
the votes entitled to be cast at such meeting.
(d) Unless specifically prohibited by the articles of
incorporation or bylaws, a corporation may allow members entitled to vote
to participate in and act at any meeting through the use of a
conference telephone or interactive technology, including but not limited to
electronic transmission, Internet usage, or remote communication, by
means of which all persons participating in the meeting can
communicate with each other. Participation in such meeting
shall constitute attendance and presence in person at the
meeting of the person or persons so participating.
(e) For meetings of a not-for-profit corporation organized for the purpose
of residential cooperative housing, consisting of 50 or more single family
dwellings
with individual unit legal descriptions based upon a recorded plat of a
subdivision,
and located in a county containing a population between 780,000 and
3,000,000 inhabitants, any member may record by tape, film, or other means the
proceedings at the meetings. The board or the membership may prescribe
reasonable rules and regulations to govern the making of the recordings. The
portion of any meeting held to discuss violations of rules and regulations of
the corporation by a residential shareholder shall be recorded only with the
affirmative assent of that shareholder.
(Source: P.A. 91-465, eff. 8-6-99; 92-771, eff. 8-6-02.)
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