Illinois Statutes
§ 169.2
Illinois § 169.2
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article X - Merger, Consolidation Or Plans Of Exchange
This text of Illinois § 169.2 is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
215 Ill. Comp. Stat. 169.2 (2026).
Text
Acquiring and acquired corporations under a plan of exchange to be separate. The domestic stock insurance company acquired under a plan of exchange and the acquiring corporation are in all respects separate and distinct corporations, with neither corporation having any liability to the creditors or policyholders, if any, or shareholders of the other, for any acts or omissions of the officers, directors or shareholders of either or both of such corporations.
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Legislative History
(Source: Laws 1967, p. 2406.)
Nearby Sections
3
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Bluebook (online)
Illinois § 169.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/169.2.