(215 ILCS 5/264) (from Ch. 73, par. 876)
Sec. 264.
Approval
of documents.
The documents and papers so delivered to the Director may be approved or
disapproved by the Director and the incorporators shall be entitled to a
hearing in the same manner as provided in section 18 in the case of
documents delivered for approval in connection with the organization of
stock companies. If the documents and papers so delivered are approved by
the Director, he shall thereupon place on file in his office by-laws, forms
of applications, policies, literature, advertisements, forms of guaranty
subscriptions and certificates, if any, bonds or securities and one of the
duplicate originals of the articles of incorporation and endorse upon the
other duplicate original his approval thereof and the month, day and year
of his approval and deliver it to the incorporators. The company shall be
deemed to be fully established as a body corporate as of the date of the
approval of the articles of incorporation by the Director, and said date
shall be the date of incorporation of the company.
(Source: Laws 1959, p. 627.)
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