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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1000 Introduced 2/17/2021, by Rep. Emanuel Chris Welch SYNOPSIS AS INTRODUCED:
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805 ILCS 315/7 | from Ch. 32, par. 446 |
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Amends the Agricultural Co-Operative Act. Makes a technical change in a
Section concerning the members of a co-operative association.
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| | A BILL FOR |
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| | HB1000 | | LRB102 03013 KTG 13026 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Agricultural Co-Operative Act is amended by |
| 5 | | changing Section 7 as follows:
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| 6 | | (805 ILCS 315/7) (from Ch. 32, par. 446)
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| 7 | | Sec. 7.
Under the
the terms and conditions prescribed in |
| 8 | | the by-laws adopted by
it, an association may admit as members |
| 9 | | (or issue common stock to), only
persons engaged in the |
| 10 | | production of agricultural products and/or
co-operative |
| 11 | | associations. An association organized hereunder, may become a
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| 12 | | member or stockholder of any other association or corporation. |
| 13 | | (Source: Laws 1931, p. 390.)
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