(215 ILCS 5/68) (from Ch. 73, par. 680)
(Section scheduled to be repealed on January 1, 2017)
Sec. 68. Declaration of organization. The attorney-in-fact of subscribers who desire to form a reciprocal under this article shall sign and acknowledge, before an officer authorized to take acknowledgments, a declaration of organization in duplicate. When the attorney-in-fact is a corporation, the declaration shall be acknowledged by an officer thereof. The declaration shall set forth
(a) the name of the attorney-in-fact and the name or
designation under which contracts are to be exchanged;
(b) the location of the principal office of the
attorney-in-fact;
(c) the class or classes of insurance, as provided in
section 65, which it proposes to effect or exchange and the kinds of insurance in each class to be effected or exchanged;
(d) such other provisions not inconsistent with law
which may be deemed by the attorney-in-fact or subscribers to be necessary or advisable.
(Source: Laws 1937, p. 696.)
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Last modified: February 18, 2015