Tag: The Illinois Business Corporation Act’s Survival Statute for Suits against Dissolved Corporations
The Illinois Business Corporation Act’s Survival Statute for Suits against Dissolved Corporations
In the recent case of Pielet v. Pielet, 365 Ill. Dec. 497 (Ill. 2012), the Illinois Supreme Court discussed when a plaintiff may sue a dissolved corporation under Section 12.80 of the Illinois Business Corporation Act, also referred to as the “Survival Statute.” In Pielet, the Pielets, a husband who died during the litigation and