# 215 ILCS 5/25: Section 25

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S25

## Section

- **Citation:** 215 ILCS 5/25
- **Heading:** Section 25
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 215 / Act 5 / Section 25

## Text

(215 ILCS 5/25) (from Ch. 73, par. 637) (Section scheduled to be repealed on January 1, 2027) Sec. 25. Voluntary surrender of the articles of incorporation. At any time prior to the issuance of the certificate of authority to the company the articles of incorporation may be voluntarily surrendered and the company dissolved by written agreement filed with the Director, signed by a majority of the incorporators, and by subscribers representing at least two-thirds of the shares subscribed. Such surrender and dissolution shall become effective only upon the approval thereof by the Director. The Director shall approve the surrender of such articles of incorporation if upon investigation he shall find that: (a) no insurance business has been transacted by the company; (b) all sums of money or securities, if any, collected upon subscriptions, have been

## Nearby sections

- [215 ILCS 5/1 Section 1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S1.md)
- [215 ILCS 5/2.1 Section 2.1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S2.1.md)
- [215 ILCS 5/14.1 Section 14.1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S14.1.md)
- [215 ILCS 5/18 Section 18](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S18.md)
- [215 ILCS 5/19 Section 19](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S19.md)
- [215 ILCS 5/20 Section 20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S20.md)
- [215 ILCS 5/25 Section 25](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S25.md)
- [215 ILCS 5/28.2a Section 28.2a](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S28.2a.md)
- [215 ILCS 5/31 Section 31](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S31.md)
- [215 ILCS 5/32.1 Section 32.1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S32.1.md)
- [215 ILCS 5/34 Section 34](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S34.md)
- [215 ILCS 5/35A-10 Section 35A-10](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S35A-10.md)
- [215 ILCS 5/35A-15 Section 35A-15](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S35A-15.md)
- [215 ILCS 5/35A-20 Section 35A-20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S35A-20.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C215_A5_S25. Check the current official text before relying on it. Not legal advice.