Derivative suits by voting members
- Statute:
- Illinois §107.80 · Act NP (General Not For Profit Corporation Act of 1986)
- Topic:
- Enforcement · Derivative action
- Applies to:
- Nonprofit associations
Voting members may bring a derivative action on the terms this section sets, typically after demand on the board. Association standing to sue on common elements is also in CPA §9.1.
📄 Read the official text at ilga.gov →
How SoShiny helps with Derivative suits by voting members
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Illinois §107.80 require?
- Voting members may bring a derivative action on the terms this section sets, typically after demand on the board. Association standing to sue on common elements is also in CPA §9.1.
- Who does Illinois §107.80 apply to?
- Illinois §107.80 applies to Nonprofit associations in Illinois.
- What happens if our nonprofit corporation doesn't comply with §107.80?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Illinois community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Illinois §107.80?
- The official text is published by the Illinois General Assembly at ilga.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Derivative suits by voting members?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Illinois §107.80 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Illinois-licensed attorney. For the official statutory text, see the link above.
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