(805 ILCS 105/116.10) (from Ch. 32, par. 116.10)
Sec. 116.10.
Penalties imposed upon officers and
directors. Each officer and director of a corporation,
domestic or foreign, who fails or refuses within the time
prescribed by this Act to answer truthfully and fully
interrogatories propounded to him or her by the Secretary of
State in accordance with the provisions of this Act, or who
signs any report or statement filed with the Secretary of
State which is known to such officer or director to be false
in any material statement or representation, or who votes for or consents
to or otherwise knowingly participates in the making of a loan prohibited
by Section 108.80 of this Act, commits a Class
C misdemeanor.
(Source: P.A. 84-1423.)
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