(215 ILCS 5/93) (from Ch. 73, par. 705)
(Section scheduled to be repealed on January 1, 2027)
Sec. 93.
Bonds.
The attorney-in-fact for any domestic Lloyds in the process of
organization shall deliver to the Director two bonds in the same penalties
and containing the same provisions so far as applicable as the bonds
required for the organization of a stock company by Section 16, for the
use and benefit of the State of Illinois, the underwriters and creditors,
or in lieu of delivering such bonds the attorney-in-fact may deposit cash
or securities of the same kind or amount and on the same terms and
conditions so far as applicable as provided by said Section.
(Source: Laws 1937, p. 696 .)
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