TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1075 SAVINGS BANK ACT
SECTION 1075.2140 CERTAIN AGREEMENT TO TRANSFER AND TRANSFERS OF OWNERSHIP IN RIGHTS OR SECURITIES PROHIBITED


 

Section 1075.2140  Certain Agreement to Transfer and Transfers of Ownership in Rights or Securities Prohibited

 

Before completion of a conversion, no person may transfer or enter into any agreement or understanding to transfer the legal or beneficial ownership of conversion subscription rights, or the underlying securities, to the account of another.

 

(Source:  Added at 17 Ill. Reg. 8894, effective June 7, 1993)