Legal Question in Business Law in Illinois
Can a business entity be a member of the board of directors in an IL corporation?
Asked on 4/05/12, 9:58 am
1 Answer from Attorneys
A person who is sole proprietor of, or partner in, or manager or director of, one IL business, can be on the board of directors of another IL business entity which is a corporation. Otherwise, no, the business entity itself can not be a board member.
Answered on 4/07/12, 2:51 pm
Related Questions & Answers
-
I am stuck in a contract that rebinds every few years. We have not received any... Asked 3/30/12, 3:21 pm in United States Illinois Business Law
-
Does this organization have any basis to cancel our contract? The Executive... Asked 3/29/12, 9:06 am in United States Illinois Business Law
-
I work in sales. 12 years ago I signed a noncompete. will it hold up in court Asked 3/21/12, 11:30 am in United States Illinois Business Law
-
What does it mean when a form says, This form must be witnessed? Asked 3/13/12, 12:12 pm in United States Illinois Business Law
-
IF I'm on a speaker phone at home talking to a business associate at his home and... Asked 3/12/12, 12:30 pm in United States Illinois Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
