Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

205 ILCS 205/4002

(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.)