Not-for-profit residential cooperative
- Statute:
- Illinois §107.90 · Act NP (General Not For Profit Corporation Act of 1986)
- Topic:
- Governance · Housing co-op
- Applies to:
- Nonprofit associations
Extra rules for a not-for-profit residential cooperative (including, for larger co-ops in certain counties, recording of membership transfers). Illinois housing co-ops typically live under this Act rather than the Condominium Property Act.
📄 Read the official text at ilga.gov →
How SoShiny helps with Not-for-profit residential cooperative
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 §107.90 require?
- Extra rules for a not-for-profit residential cooperative (including, for larger co-ops in certain counties, recording of membership transfers). Illinois housing co-ops typically live under this Act rather than the Condominium Property Act.
- Who does Illinois §107.90 apply to?
- Illinois §107.90 applies to Nonprofit associations in Illinois.
- What happens if our nonprofit corporation doesn't comply with §107.90?
- 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 §107.90?
- 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 Not-for-profit residential cooperative?
- 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 §107.90 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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