Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 700 - BY-LAWS
Section 700.270 - Reliance on Records and Reports
Universal Citation: 47 IL Admin Code ยง 700.270
Current through Register Vol. 48, No. 12, March 22, 2024
Each Director, Officer, or Member of any committee designated by, or by authority of the Board of Directors shall, in the performance of his duties, be fully protected in relying in good faith upon the books of account or other records of the Corporation or upon reports made to the Corporation by any official of the Corporation or by an independent certified public accountant or by an appraiser selected with reasonable care by the Board of Directors or by any such committee.
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