Rep. Maria Antonia Berrios

Filed: 3/21/2014

 

 


 

 


 
09800HB5685ham002LRB098 17498 ZMM 57148 a

1
AMENDMENT TO HOUSE BILL 5685

2    AMENDMENT NO. ______. Amend House Bill 5685, AS AMENDED,
3with reference to page and line numbers of House Amendment No.
41, as follows:
 
5on page 7, line 15, after "1007.130," by inserting "4008,"; and
 
6on page 8, immediately below line 13, by inserting the
7following:
 
8    "(205 ILCS 205/4008)  (from Ch. 17, par. 7304-8)
9    Sec. 4008. Directors. The business and affairs of the
10savings bank shall be exercised by its elected board of
11directors. The board of directors shall consist of the number
12of directors fixed by the bylaws, but shall not be fewer than
135. No more than 40% of the directors shall be salaried
14employees of the savings bank, except that a higher percentage
15may be allowed with the prior written approval of the

 

 

09800HB5685ham002- 2 -LRB098 17498 ZMM 57148 a

1Commissioner. At least two-thirds of the directors shall be
2residents of this State.
3(Source: P.A. 90-301, eff. 8-1-97.)".