Bill Title: Amends the Illinois Insurance Code. Creates the Domestic Stock Company Division Article in the Code. Provides that a domestic stock company may divide into 2 or more resulting companies pursuant to a plan of division. Contains provisions concerning the contents of the plan of division, approval of the plan of division by the Director of Insurance, effects of a division, certificates of division, liabilities, and shareholder rights. Makes conforming changes in provisions concerning mergers and consolidations.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Failed) 2019-01-08 - Session Sine Die
[HB5160 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Engrossed | 2018-04-20 | HTML/Text | Link | View |
| Introduced | 2018-02-15 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB5160 currently on file. |
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