From the persons elected to the board, the board may appoint an executive committee of not less than 3 directors who may be authorized to act for the board in all respects, subject to such conditions and limitations as are prescribed by the board. The executive committee shall report to the board at each board meeting on any meeting held and actions taken by the executive committee between board meetings.
205 ILCS 305/28
Executive committee
Known as the Illinois Credit Union Act
The act spans §§ 205-305-1 to 205-305-9-1 (91 sections).
P.A. 97-133, eff. 1-1-12.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.