(215 ILCS 5/70) (from Ch. 73, par. 682)
(Section scheduled to be repealed on January 1, 2027)
Sec. 70.
Organization bonds.
The attorney-in-fact shall deliver to the Director two bonds in the same
penalties and containing the same provisions, so far as applicable, as the
bonds required for the organization of a stock company by Section 16 for
the use and benefit of the State of Illinois, subscribers and creditors, or
in lieu of delivering such bonds, the attorney-in-fact may deposit cash or
securities of the same kind and amount and on the same terms and
conditions, so far as applicable, as provided by said Section.
(Source: Laws 1937, p. 696.)
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