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Sen. Ira I. Silverstein
Filed: 3/3/2010
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09600SB2516sam001 |
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LRB096 16893 RPM 37986 a |
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| AMENDMENT TO SENATE BILL 2516
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| AMENDMENT NO. ______. Amend Senate Bill 2516 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Insurance Code is amended by |
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| changing Section 41 as follows:
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| (215 ILCS 5/41) (from Ch. 73, par. 653)
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| (Section scheduled to be repealed on January 1, 2017)
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| Sec. 41. Executive
committee. If the the by-laws so |
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| provide, the board of directors or trustees, by a
resolution |
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| adopted by a majority of the whole board, may designate three |
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| or
more of their number to constitute an executive committee, |
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| which committee
shall, to the extent provided in the resolution |
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| or in the by-laws, have and
exercise, during the interim |
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| between the meetings of the board, all of the
authority of the |
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| board in the management of the company, but the
designation of |
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| such committee shall not relieve the board or any member
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