Illinois General Assembly - Illinois Compiled Statutes

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805 ILCS 315/13

(805 ILCS 315/13) (from Ch. 32, par. 452)

Sec. 13.

The directors shall elect from their number, a president, and one
or more vice-presidents. They shall also elect a secretary and treasurer,
who need not be directors or members of the association, and they may
combine the two latter offices and designate the combined office as
secretary-treasurer, or unite both functions and titles in one person. The
treasurer may be a bank or any depository, and as such, shall not be
considered as an officer, but as a function of the board of directors. In
such case, the secretary shall perform the usual accounting duties of the
treasurer, except that the funds shall be deposited only as and where
authorized by the board of directors. The by-laws may provide for the
election of the president and vice-presidents by the members at annual
meetings.

Within 30 days after the first election of officers, the association shall
file a report with the Director of Agriculture on forms prescribed by the
Director of Agriculture.  The report shall contain the following:

(1) The name of the association.

(2) The names and addresses of the association's

principal officers and directors.

(3) The association's principal place of business.

(4) A general statement of the association's proposed

business operations.

(5) The end of the association's proposed fiscal year.

(Source: P.A. 93-197, eff. 7-14-03.)