(215 ILCS 5/340) (from Ch. 73, par. 952)
Sec. 340.
Article of
Incorporation.
The articles of incorporation of a burial society shall state:
(a) The corporate name which shall not resemble the name of any existing
society or corporation organized under the laws of this State or authorized
to transact business therein as to mislead the public or cause confusion,
the purpose for which it is formed and the place in this State where its
principal office is located;
(b) The mode and manner in which the corporate powers of the society
shall be exercised; the manner of electing directors; the number of
directors which shall not be less than 3 nor more than 7; terms of office
of directors which shall be not more than 4 years; the manner of electing
officers and filling vacancies and such other particulars as may be
necessary to explain and manifest the object and purpose of the society and
the manner in which it is to be conducted.
A copy of the by-laws and forms of applications for members and a copy
of all forms of policies or certificates, literature and advertisements
shall be filed with the Director.
The Director shall examine the articles of incorporation and other
papers so filed with him and if he finds no objection thereto he shall
submit the articles of incorporation to the Attorney General for
examination and if found by the Attorney General to be in accordance with
the provisions of this Code and not inconsistent with the laws and
constitution of this State and of the United States, he shall certify to
the same and deliver it back to the Director who shall cause the articles
to be recorded in his records and issue to the incorporators a certified
copy thereof, and thereupon such incorporators and their associates shall
become and be a body corporate with the power to sue and be sued, contract
and be contracted with, adopt by-laws not in conflict with the provisions
of this Code, adopt a seal and do such other acts, subject to the
provisions and restrictions of this Code, as shall be needful to accomplish
the purposes of its organization. The management of the affairs of the
society shall at all times be vested in the board of directors.
(Source: P.A. 82-498.)
|