|
Rep. Maria Antonia Berrios
Filed: 3/21/2014
| | 09800HB5685ham002 | | LRB098 17498 ZMM 57148 a |
|
|
| 1 | | AMENDMENT TO HOUSE BILL 5685
|
| 2 | | AMENDMENT NO. ______. Amend House Bill 5685, AS AMENDED, |
| 3 | | with reference to page and line numbers of House Amendment No. |
| 4 | | 1, as follows:
|
| 5 | | on page 7, line 15, after "1007.130," by inserting "4008,"; and
|
| 6 | | on page 8, immediately below line 13, by inserting the |
| 7 | | following:
|
| 8 | | "(205 ILCS 205/4008) (from Ch. 17, par. 7304-8)
|
| 9 | | Sec. 4008. Directors. The business and affairs of the |
| 10 | | savings bank shall
be exercised by its elected board of |
| 11 | | directors. The board of directors
shall consist of the number |
| 12 | | of directors fixed by the bylaws, but shall not
be fewer than |
| 13 | | 5. No more than 40% of the directors shall be salaried
|
| 14 | | employees of the savings bank, except that a higher percentage |
| 15 | | may be allowed
with the prior written approval of the |