In the case of a manager-managed limited liability company, however, "director" means a manager of the savings bank, and in the case of a member-managed limited liability company, "director" means a member of the savings bank. The term "director" does not include an advisory director, honorary director, director emeritus, or similar person, unless the person is otherwise performing functions similar to those of a director.
205 ILCS 205/1007.55
"Director" means any director, trustee, or other person performing similar functions with respect to any organization whether incorporated or unincorporated
Known as the Savings Bank Act
The act spans §§ 205-205-1001 to 205-205-1010 (43 sections).
P.A. 93-561, eff. 1-1-04.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.