Except for the dissolution of a not-for-profit corporation organized for the purpose of ownership or administration of residential property on a cooperative basis, when a corporation has members entitled to vote on dissolution, the dissolution of a corporation may be authorized pursuant to Section 107.10 of this Act. Dissolution pursuant to this Section does not require any vote of the directors of the corporation.

(from Ch. 32, par. 112.10)

(Source: P.A. 98-302, eff. 1-1-14; 99-78, eff. 7-20-15.)