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Public Act 097-0989
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| HB5109 Enrolled | LRB097 17908 RPM 63131 b |
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AN ACT concerning insurance.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Dental Service Plan Act is amended by |
changing Section 17 as follows:
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(215 ILCS 110/17) (from Ch. 32, par. 690.17)
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Sec. 17.
The business and affairs of a dental service plan |
corporation
shall be managed by a board of trustees, which |
shall have the power to
adopt and to amend, from time to time, |
by-laws governing the conduct of the
corporation's business. |
The number of trustees shall be not less than 9 nor
more than |
21. Subject to such limitation, the number of trustees shall be
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fixed by the by-laws, except as to the number of the first |
board of
trustees which number shall be fixed by the charter, |
and the number of
trustees may be increased or decreased from |
time to time by amendment to
the by-laws. In the absence of a |
by-law fixing the number of trustees, the
number shall be the |
same as that stated in the charter. The trustees
constituting |
the first board of trustees shall be named in the charter and
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shall hold office for such period or periods as may be |
specified in the
charter or the by-laws. Trustees may be |
divided into classes and the terms
of office of the several |
classes need not be uniform, but no such term
shall exceed 3 |
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years. Each trustee shall hold office for the term for which
he |
is elected and until his successor has been elected and |
qualified. Any
vacancy occurring in the board of trustees and |
any trusteeship to be filled
by reason of an increase in the |
number of trustees may be filled by the
board of trustees. A |
trustee appointed to fill a vacancy shall be appointed
for the |
unexpired term of his predecessor in office. Each trustee shall |
be
of legal age, a resident of Illinois, and a citizen of the |
United States. At least one-third A
majority of the trustees |
shall be participating dentists of the corporation licensed in |
Illinois to practice
dentistry who are also residents of |
Illinois, and they shall be designated as "dental trustees". |
The remaining
trustees shall be representative of the |
subscribers to the dental service
plan and shall be designated |
as "public trustees", and not more than
one-third of the public |
trustees shall be licensed dentists. As the terms
of dental |
trustees expire, they shall be replaced, from time to time, by |
participating
dentists of the corporation licensed in Illinois |
to practice dentistry who are also residents of Illinois, and |
elected by the corporation's participating dentists, in the |
manner
prescribed by the by-laws. As the terms of public |
trustees expire, they
shall be replaced, from time to time, by |
election by the corporation's
subscribers, in the manner |
prescribed by the by-laws. A statement in the
subscription |
certificate or in any endorsement issued for attachment
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thereto, of the time and place for holding a meeting of |