Illinois Code § 805 ILCS 310/15

So much of the profits or earnings of such association, as may
Open in Lexace · Ask the AI about this section
seem best to the directors, shall be distributed to those entitled thereto
by its by-laws, and in the proportions and at the times therein prescribed,
which shall be as often as once in twelve months, provided that any member
failing to keep on deposit with such association the amount or amounts from
time to time required to be kept on deposit by its by-laws shall share in
any such distribution only in the proportion to which he has complied with
such by-laws.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.