§ 215 ILCS 5/156 Merger and consolidation permitted
§ 215 ILCS 5/156.1 Acquisition by exchange of stock permitted
§ 215 ILCS 5/157 Powers of company not enlarged
§ 215 ILCS 5/158 Resolutions for merger or consolidation or adoption of a plan of …
§ 215 ILCS 5/159 Vote of shareholders and policyholders
§ 215 ILCS 5/160 Execution of agreement or plan of exchange by domestic company
§ 215 ILCS 5/161 Approval and execution of agreement or plan of exchange by foreign or alien company
§ 215 ILCS 5/162 Certificate of Merger or Consolidation or Plan of Exchange and Certificate of Approval
§ 215 ILCS 5/163 Date merger or consolidation or plan of exchange effected
§ 215 ILCS 5/164 Removal of property of domestic, merged or consolidated company from this State
§ 215 ILCS 5/165 Recording of certificate of merger or consolidation
§ 215 ILCS 5/166 Effect of merger or consolidation
§ 215 ILCS 5/167 Rights of dissenting shareholders of domestic company
§ 215 ILCS 5/168 Rights of dissenting policyholder of domestic company
§ 215 ILCS 5/169 Rights of dissenting shareholders and policyholders of foreign or alien company
§ 215 ILCS 5/169.1 Effect of exchange under plan of exchange
§ 215 ILCS 5/169.2 Acquiring and acquired corporations under a plan of exchange to be separate
§ 215 ILCS 5/170 Transfer of deposits
§ 215 ILCS 5/171 Certificates of fees and commissions paid
§ 215 ILCS 5/172 Payment of fees to officer or director prohibited
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Terms Used In Illinois Compiled Statutes > 215 ILCS 5 > Article X - Merger, Consolidation Or Plans Of Exchange

  • Acquiring corporation: as used in this Article , means any stock insurance corporation incorporated under this Code or under prior laws of this State relating to the incorporation of domestic insurance corporations; any stock corporation incorporated under the "Business Corporation Act of 1983" or under prior laws of this State authorizing the establishment of business corporations; and any foreign or alien stock corporation qualified to do business in Illinois and registered by the corporation department; and any foreign or alien stock insurance company authorized to do business in Illinois. See Illinois Compiled Statutes 215 ILCS 5/156.1
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • Testify: Answer questions in court.
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14