215 ILCS 110/33

Current through Public Act 103-1052
Section 215 ILCS 110/33

No corporation subject to the provisions of this Act shall, except upon the approval of the Director, disburse during any one calendar year more than 10% of the aggregate amount of payments received from subscribers during that year as expenditures for the solicitation of subscribers, except that during the first year after the issuance of a charter such corporation may so disburse not more than 20% of such amount, and during the second year not more than 15% thereof.

215 ILCS 110/33

Laws 1965, p. 2179.