215 ILCS 5/70

Current through Public Act 103-1052
Section 215 ILCS 5/70 - [Section Scheduled to be Repealed 1/1/2027] Organization bonds

The attorney-in-fact shall deliver to the Director two bonds in the same penalties and containing the same provisions, so far as applicable, as the bonds required for the organization of a stock company by section 16 for the use and benefit of the State of Illinois, subscribers and creditors, or in lieu of delivering such bonds, the attorney-in-fact may deposit cash or securities of the same kind and amount and on the same terms and conditions, so far as applicable, as provided by said section.

215 ILCS 5/70

Laws 1937, p. 696.