(215 ILCS 5/155.06) (from Ch. 73, par. 767.6)
Sec. 155.06.
Emergency by-laws may be adopted.
The board of directors of any domestic insurance company may adopt
emergency by-laws to be approved by the Director, which will become
operative during an emergency resulting from an attack upon the United
States by nuclear, chemical, bacteriological or biological weapons. The
emergency by-laws may include provisions relating to a line of succession
of the officers, the manner in which vacancies on the board of directors
shall be filled, how and when the emergency board of directors may transact
business, alternate locations for the principal and regional offices,
emergency maintenance of books and records, and any other measures
reasonably related to the interim management of company affairs. If
emergency by-laws are adopted, copies shall be sent to the shareholders, or
similar body in other than stock companies, who may repeal or modify them
at the annual meeting or at any special meeting called for that purpose.
(Source: Laws 1965, p. 418.)
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