Illinois Code § 310 ILCS 5/16

Housing corporations organized on a not-for-profit basis shall
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have the rights, privileges and immunities of, and shall be subject to the
provisions of, the General Not For Profit Corporation Act of 1986, as heretofore and hereafter amended, in so far as such provisions
are not inconsistent with the provisions of this Act. Housing corporations
organized on a limited-dividend basis shall have the rights, privileges and
immunities of, and shall be subject to the provisions of, the "Business
Corporation Act of 1983", as heretofore and hereafter amended,
in so far as such provisions are not inconsistent with the provisions of
this Act.

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