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| Public Act 097-0989 | ||||
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AN ACT concerning insurance.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Dental Service Plan Act is amended by | ||||
changing Section 17 as follows:
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(215 ILCS 110/17) (from Ch. 32, par. 690.17)
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Sec. 17.
The business and affairs of a dental service plan | ||||
corporation
shall be managed by a board of trustees, which | ||||
shall have the power to
adopt and to amend, from time to time, | ||||
by-laws governing the conduct of the
corporation's business. | ||||
The number of trustees shall be not less than 9 nor
more than | ||||
21. Subject to such limitation, the number of trustees shall be
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fixed by the by-laws, except as to the number of the first | ||||
board of
trustees which number shall be fixed by the charter, | ||||
and the number of
trustees may be increased or decreased from | ||||
time to time by amendment to
the by-laws. In the absence of a | ||||
by-law fixing the number of trustees, the
number shall be the | ||||
same as that stated in the charter. The trustees
constituting | ||||
the first board of trustees shall be named in the charter and
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shall hold office for such period or periods as may be | ||||
specified in the
charter or the by-laws. Trustees may be | ||||
divided into classes and the terms
of office of the several | ||||
classes need not be uniform, but no such term
shall exceed 3 | ||||
years. Each trustee shall hold office for the term for which
he | ||
is elected and until his successor has been elected and | ||
qualified. Any
vacancy occurring in the board of trustees and | ||
any trusteeship to be filled
by reason of an increase in the | ||
number of trustees may be filled by the
board of trustees. A | ||
trustee appointed to fill a vacancy shall be appointed
for the | ||
unexpired term of his predecessor in office. Each trustee shall | ||
be
of legal age, a resident of Illinois, and a citizen of the | ||
United States. At least one-third A
majority of the trustees | ||
shall be participating dentists of the corporation licensed in | ||
Illinois to practice
dentistry who are also residents of | ||
Illinois, and they shall be designated as "dental trustees". | ||
The remaining
trustees shall be representative of the | ||
subscribers to the dental service
plan and shall be designated | ||
as "public trustees", and not more than
one-third of the public | ||
trustees shall be licensed dentists. As the terms
of dental | ||
trustees expire, they shall be replaced, from time to time, by | ||
participating
dentists of the corporation licensed in Illinois | ||
to practice dentistry who are also residents of Illinois, and | ||
elected by the corporation's participating dentists, in the | ||
manner
prescribed by the by-laws. As the terms of public | ||
trustees expire, they
shall be replaced, from time to time, by | ||
election by the corporation's
subscribers, in the manner | ||
prescribed by the by-laws. A statement in the
subscription | ||
certificate or in any endorsement issued for attachment
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thereto, of the time and place for holding a meeting of | ||
subscribers for the
election of public trustees shall | ||
constitute notice of such meeting. Voting
by proxy shall be | ||
permitted.
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(Source: Laws 1965, p. 2179.)
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