Ill. Admin. Code tit. 38 § 1075.1830

Current through Register Vol. 48, No. 44, November 1, 2024
Section 1075.1830 - Issuance of Capital Stock - Price

A converted savings bank shall issue and sell capital stock at a total price at least equal to the estimated pro forma market value of the stock issued in connection with the conversion, based on an independent valuation, as provided in Section 1075.2070.

Ill. Admin. Code tit. 38, § 1075.1830

Added at 17 Ill. Reg. 8894, effective June 7, 1993