Illinois Administrative Code (Last Updated: March 27, 2024)

§913.40. Filing Requirement

Latest version.

Pursuant to Section 147.1 of the Code and the provisions of this Part, a formal application must be submitted to obtain a permit from the Director to sell shares. Any domestic company seeking a permit to solicit subscriptions and issue shares under Section 20 or Section 32 of the Code, except for a private sale as set forth under 50 Ill. Adm. Code 907, shall likewise submit a formal application. The applicant shall deliver to the Director all documents, paper, agreements and other items that are required to be filed (see Section 913.100).

(Source: Amended at 46 Ill. Reg. 12023, effective June 30, 2022)

                    
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