Illinois Compiled Statutes 215 Insurance: Article X - Merger, Consolidation Or Plans Of Exchange

• Illinois Insurance Code. - 215 ILCS 5, Section 156
  Merger and consolidation permitted. Upon complying with the provisions of this article, any domestic company, except a Lloyds, is hereby authorized and empowered to...
• Illinois Insurance Code. - 215 ILCS 5, Section 156.1
  Acquisition by exchange of stock permitted. Any domestic stock insurance company may adopt a plan of exchange of the outstanding stock of its stockholders...
• Illinois Insurance Code. - 215 ILCS 5, Section 157
  Powers of company not enlarged. Nothing in this article contained shall be construed to authorize any company to engage in any kind of insurance...
• Illinois Insurance Code. - 215 ILCS 5, Section 158
  Resolutions for merger or consolidation or adoption of a plan of exchange. The Board of Directors, Trustees or other governing body of each domestic...
• Illinois Insurance Code. - 215 ILCS 5, Section 159
  Vote of shareholders and policyholders. (1) The agreement of merger or consolidation shall be submitted to a vote at a meeting of the shareholders,...
• Illinois Insurance Code. - 215 ILCS 5, Section 160
  Execution of agreement or plan of exchange by domestic company. Upon such approval of an agreement of merger or consolidation or plan of exchange...
• Illinois Insurance Code. - 215 ILCS 5, Section 161
  Approval and execution of agreement or plan of exchange by foreign or alien company. In the event that a foreign or alien company is...
• Illinois Insurance Code. - 215 ILCS 5, Section 162
  Certificate of Merger or Consolidation or Plan of Exchange and Certificate of Approval. (1) Upon the execution of an agreement of merger or consolidation...
• Illinois Insurance Code. - 215 ILCS 5, Section 163
  Date merger or consolidation or plan of exchange effected. (1) If the surviving or new company is a domestic company, the merger or consolidation...
• Illinois Insurance Code. - 215 ILCS 5, Section 164
  Removal of property of domestic, merged or consolidated company from this State. (1) If the surviving or new company shall be a foreign or...
• Illinois Insurance Code. - 215 ILCS 5, Section 165
  Recording of certificate of merger or consolidation. Within 15 days after such merger or consolidation has become effective, the surviving or new company shall...
• Illinois Insurance Code. - 215 ILCS 5, Section 166
  Effect of merger or consolidation. (1) If the surviving or new company is a domestic company, when such merger or consolidation has been effected...
• Illinois Insurance Code. - 215 ILCS 5, Section 167
  Rights of dissenting shareholders of domestic company. (1) If a shareholder entitled to vote of (a) a domestic company which is a party to...
• Illinois Insurance Code. - 215 ILCS 5, Section 168
  Rights of dissenting policyholder of domestic company. (1) If not less than five per centum of all the policyholders in any domestic company who...
• Illinois Insurance Code. - 215 ILCS 5, Section 169
  Rights of dissenting shareholders and policyholders of foreign or alien company. The rights of any dissenting shareholder, member or policyholder of any foreign or...
• Illinois Insurance Code. - 215 ILCS 5, Section 169.1
  Effect of exchange under plan of exchange. (1) Upon a plan of exchange becoming effective, the exchange provided for therein is considered to have...
• Illinois Insurance Code. - 215 ILCS 5, Section 169.2
  Acquiring and acquired corporations under a plan of exchange to be separate. The domestic stock insurance company acquired under a plan of exchange and...
• Illinois Insurance Code. - 215 ILCS 5, Section 170
  Transfer of deposits. (1) If the surviving or new company shall be a foreign or alien company and the laws of the state or...
• Illinois Insurance Code. - 215 ILCS 5, Section 171
  Certificates of fees and commissions paid. Whenever agreements of merger or consolidation or plans of exchange are filed with the Director, there shall also...
• Illinois Insurance Code. - 215 ILCS 5, Section 172
  Payment of fees to officer or director prohibited. (1) No director or officer of any company party to a merger or consolidation or plan...

Last modified: February 18, 2015