(805 ILCS 35/5)
(from Ch. 32, par. 1005)
Any 3 or more qualified natural persons, all of whom shall be bona
fide residents of this State, who desire to associate themselves for the
purpose of establishing and operating a development credit corporation may
subscribe, acknowledge and file with the Director for approval articles of
incorporation as set out in Section 11.
(Source: Laws 1965, p. 577.)