215 Ill. Comp. Stat. § 5/155.01. Interlocking directorates–When prohibited: Provisions Applicable to All Companies – IllinoisStatus: Enacted
Year Enacted: 1937
Year Amended: 1947
Any person may be a director in two or more companies which are competitors, provided no person at the same time shall be a director in two or more companies where the effect may be to substantially lessen competition generally or tend to create a monopoly.
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