Illinois Statutes
§ 35B-45 — Shareholder rights
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article IIB - Domestic Stock Company Division
If the dividing company does not survive the division, an objecting shareholder of a dividing company is entitled to appraisal rights and to obtain payment of the fair value of that shareholder's shares, in the same manner and to the extent provided for pursuant to Section 167.
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Legislative History
(Source: P.A. 100-1118, eff. 11-27-18.)
Nearby Sections
11
§ 35B-1
Short title§ 35B-10
Definitions§ 35B-15
Plan of division§ 35B-25
Plan of division approval§ 35B-30
Certificate of division§ 35B-35
Effects of division§ 35B-40
Resulting company liabilities§ 35B-45
Shareholder rights§ 35B-5
Purpose§ 35B-50
Rules