94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB1252

 

Introduced 2/18/2005, by Sen. Martin A. Sandoval - Emil Jones, Jr.

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 315/7   from Ch. 32, par. 446

    Amends the Agricultural Co-Operative Act. Makes a technical change in a Section concerning the members of a co-operative association.


LRB094 04905 RXD 34934 b

 

 

A BILL FOR

 

SB1252 LRB094 04905 RXD 34934 b

1     AN ACT concerning business.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Agricultural Co-Operative Act is amended by
5 changing Section 7 as follows:
 
6     (805 ILCS 315/7)  (from Ch. 32, par. 446)
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
12 member or stockholder of any other association or corporation.
13 (Source: Laws 1931, p. 390.)