SB1252 94TH GENERAL ASSEMBLY

LRB094 04905 RXD 34934 b

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.

A BILL FOR

AN ACT concerning business.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Agricultural Co-Operative Act is amended by changing Section 7 as follows:

(805 ILCS 315/7) (from Ch. 32, par. 446)

Sec. 7. Under the the terms and conditions prescribed in the by-laws adopted by it, an association may admit as members (or issue common stock to), only persons engaged in the production of agricultural products and/or co-operative associations. An association organized hereunder, may become a member or stockholder of any other association or corporation.

(Source: Laws 1931, p. 390.)