(215 ILCS 5/94) (from Ch. 73, par. 706)
(Section scheduled to be repealed on January 1, 2027)
Sec. 94.
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 or underwriters shall
be 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, the Director shall, thereupon, place on file
in his office all of such documents except one of the duplicate originals
of the declaration, and shall endorse upon such duplicate original his
approval thereof and the month, day and year of such approval, and deliver
it to the attorney-in-fact. Upon the date of approval of said declaration
by the Director, the domestic Lloyds shall be deemed to be in existence.
(Source: Laws 1959, p. 627.)
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