(205 ILCS 205/4002) (from Ch. 17, par. 7304-2)
Sec. 4002.
Annual and special meetings.
Dates of annual meetings of
members or stockholders shall be specified in the bylaws. Failure to hold
an annual meeting shall not cause a forfeiture or dissolution of the
savings bank. Special meetings may be called by the board of directors,
the holders of not less than 25% of the outstanding capital stock shares,
or by any other person as the bylaws may designate. The Commissioner may
also call a special meeting with not less than 12 hours written or oral
notice. Every annual or special meeting shall be held at the business
office of the savings bank or, if the space is inadequate, in another place
within the same county as shall be specifically designated in the notice
of the meeting.
(Source: P.A. 86-1213.)
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