(215 ILCS 5/71) (from Ch. 73, par. 683)
(Section scheduled to be repealed on January 1, 2027)
Sec. 71.
Approval of
documents.
The documents and papers so delivered to the Director may be approved or
disapproved by the Director, and the attorney-in-fact is entitled to a
hearing, in the same manner as provided in Section 18 in the case of
documents delivered for approval in connection with the organization of
stock companies. If the documents and papers so delivered are approved by
the Director he must file in his office the power of attorney, forms of
policies and applications, bonds or securities and one of the duplicate
originals of the declaration of organization, and endorse upon the other
duplicate original his approval and the month, day and year of approval and
deliver it to the attorney-in-fact. Upon the date of approval of the
declaration of organization by the Director, the reciprocal is deemed to be
organized.
(Source: P.A. 77-747.)
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