Illinois Statutes
§ 35B-5 — Purpose
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article IIB - Domestic Stock Company Division
The purpose of this Article is to stimulate economic development in the State of Illinois by creating and sustaining employment opportunities and increasing and sustaining taxable revenue, through improving the competitive position of domestic stock companies, maintaining the competitiveness of this State as a state of domicile for domestic stock companies, and enhancing the desirability of this State as a jurisdiction of domicile for newly incorporating and existing foreign stock companies.
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Illinois § 35B-5 (Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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