(220 ILCS 10/7.2) (from Ch. 111 2/3, par. 907.2)
Sec. 7.2.
Executive director: qualifications; appointment.
(1) The
executive director hired by the board under Section 7 shall have the same
qualifications as a director under Section 12, except that the executive
director need not be a resident of this State nor a member of the corporation.
The executive director may not be a candidate for director while serving
as executive director.
(2) To hire the executive director under Section 7, the board shall adhere
to any applicable State or federal law prohibiting discrimination in employment.
(3) The board shall require all applicants for the position of executive
director of the corporation to file a financial statement which includes
the information required under subsection (4) of Section 12. The board
shall require the executive director to file a current statement annually.
(Source: P.A. 83-945.)
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