Stockholder

210 ILCS 47/1-125
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(210 ILCS 47/1-125) Sec. 1-125. Stockholder. "Stockholder" of a corporation means any person who, directly or indirectly, beneficially owns, holds or has the power to vote, at least 5% of any class of securities issued by the corporation. (Source: P.A. 96-339, eff. 7-1-10.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements