Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

205 ILCS 305/35

(205 ILCS 305/35) (from Ch. 17, par. 4436)

Sec. 35. Suspension and removal of officials.

(1) The supervisory committee,
by a unanimous vote of the whole committee, may suspend any member of the credit committee
 or the credit manager if no credit committee has been
appointed.  The supervisory committee shall report such action to
the board of directors for appropriate action.

(2) The supervisory committee, by a unanimous vote of the whole committee,
may suspend any officer or member of the board of directors until the next
members' meeting, which shall be held not less than 7 nor more than 21 days
after such suspension.  At such meeting, the suspension shall be acted upon
by the members, who shall either confirm or reject it by majority vote.

(Source: P.A. 97-133, eff. 1-1-12.)