Illinois Fraternal Organization Freeze 766 is a freeze placed by the State of Illinois that restricts the use of fraternal organization assets to pay for benefits and services provided by the organization. This freeze applies to any fraternal organization registered in the State of Illinois, such as fraternal lodges, Greek letter organizations, and social and athletic clubs. The freeze prevents these organizations from using their assets to pay for benefits and services related to their organization, such as employee salaries, member benefits, and facility costs, without obtaining prior approval from the State of Illinois. There are two types of Illinois Fraternal Organization Freeze 766: a full freeze, which prevents the organization from using any of its assets, and a partial freeze, which allows the organization to use a limited amount of its assets.
Illinois Fraternal Organization Freeze 766
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