Section 1075.2420  Proxy Statement – New Charter, Bylaws, or Other Documents

Describe briefly any material differences between the existing charter, bylaws, and any similar documents of the applicant and those which will take effect after conversion.  This Section requires only a brief summary of the provisions which are permitted from both an investment standpoint and a voting standpoint.  A complete legal description of the provisions referred to is not required and should not be given.  Do not set forth the provisions verbatim; only a succinct resume is required.

(Source:  Added at 17 Ill. Reg. 8894, effective June 7, 1993)