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Illinois Compiled Statutes 205 Financial Regulation: Article 8 - Reorganization
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Illinois Laws
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-1
Authority to reorganize. An association may reorganize under the provisions of this Article, by adjusting its capital without prejudicing or impairing the rights of...
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-2
Decision as to reorganization; Adoption of plan. (a) At any annual or special meeting of the members, the members may vote to reorganize the...
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-3
Plan of reorganization. The plan of reorganization shall set forth: (a) A statement of the financial condition of the association duly certified by...
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-4
Election of new directors; Report and supervision. (a) Upon the adoption of the plan of reorganization, the offices of all directors and officers of...
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-5
Trust agreement and procedure. (a) The segregated assets shall be disposed of in accordance with the terms of a trust agreement adopted by the...
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-6
Disposition of assets by trustees; Liquidation. The trust shall be subject at all times to the applicable provisions of the Article pertaining to Voluntary...
- Illinois Savings and Loan Act of 1985. - 205 ILCS 105, Section 8-7
Acceptance of certificates of beneficial interest and withdrawable capital for part purchase price of assets. (a) The trustees may offer to accept the...
Last modified: February 20, 2012
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