47 Ill. Adm. Code 700.200

General Powers, Election of Directors, Term of Office, Qualifications and Vacancies

Year: 2026Length: 80 wordsOfficial source
Section 700 Section 700.200  General Powers, Election of Directors, Term of Office, Qualifications and Vacancies All corporate powers of the Corporation shall be exercised by the Board of Directors, as provided for in the Act.  The Board of Directors shall have the responsibility and authority to appoint all necessary Board Committees and Officer Committees to provide for prudent management and oversight of the Corporation.  Each Director shall hold office until their successors are appointed, as provided for in the Act.
47 Ill. Adm. Code 700.200: General Powers, Election of Directors, Term of Office, Qualifications and Vacancies | Justis AI