(805 ILCS 105/108.40) (from Ch. 32, par. 108.40)
Sec. 108.40.
Committees.
(a) If the articles of
incorporation or bylaws so provide, a majority of the
directors may create one or more committees and appoint
directors or such other persons as the board designates, to
serve on the committee or committees. Each committee shall
have two or more directors, a majority of its membership
shall be directors, and all committee members shall serve at
the pleasure of the board. However, committees appointed by the board or
otherwise authorized by the bylaws relating to the
election, nomination, qualification, or credentials of directors or other
committees involved in the process of electing directors may be composed
entirely of non-directors.
(b) Unless the appointment by the board of directors
requires a greater number, a majority of any committee shall
constitute a quorum, and a majority of committee members
present and voting at a meeting at which a quorum is present
is necessary for committee action. A committee may act by
unanimous consent in writing without a meeting and, subject
to the provisions of the bylaws or action by the board of
directors, the committee by majority vote of its members
shall determine the time and place of meetings and the
notice required therefor.
(c) To the extent specified by the board of directors or in
the articles of incorporation or bylaws, each committee may
exercise the authority of the board of directors under
Section 108.05 of this Act; provided, however, a committee
may not:
(1) Adopt a plan for the distribution of the assets |
| of the corporation, or for dissolution;
|
|
(2) Approve or recommend to members any act this Act
|
| requires to be approved by members, except that committees appointed by the board or otherwise authorized by the bylaws relating to the election, nomination, qualification, or credentials of directors or other committees involved in the process of electing directors may make recommendations to the members relating to electing directors;
|
|
(3) Fill vacancies on the board or on any of its
|
|
(4) Elect, appoint or remove any officer or director
|
| or member of any committee, or fix the compensation of any member of a committee;
|
|
(5) Adopt, amend, or repeal the bylaws or the
|
| articles of incorporation;
|
|
(6) Adopt a plan of merger or adopt a plan of
|
| consolidation with another corporation, or authorize the sale, lease, exchange or mortgage of all or substantially all of the property or assets of the corporation; or
|
|
(7) Amend, alter, repeal or take action inconsistent
|
| with any resolution or action of the board of directors when the resolution or action of the board of directors provides by its terms that it shall not be amended, altered or repealed by action of a committee.
|
|
(d) The board of directors may create and appoint persons
to a commission, advisory body or other such body which may
or may not have directors as members, which body may not act
on behalf of the corporation or bind it to any action but
may make recommendations to the board of directors or to the
officers.
(Source: P.A. 90-188, eff. 7-24-97.)
|