Illinois Statutes
§ 35B-45 — Shareholder rights
Illinois § 35B-45
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article IIB - Domestic Stock Company Division
This text of Illinois § 35B-45 (Shareholder rights) 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. 35B-45 (2026).
Text
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
RulesCite This Page — Counsel Stack
Bluebook (online)
Illinois § 35B-45, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/35B-45.