Ill. Admin. Code tit. 38 § 1075.1840

Current through Register Vol. 48, No. 44, November 1, 2024

Section 1075.1840 - Stock Purchase Subscription Rights - Received by Officers, Organization Directors, and their Associates - Subordination

Nontransferable subscription rights to purchase capital stock received by officers and organization directors and affiliated persons of the converting savings bank based on their increased deposits in the converting savings bank in the one-year period preceding the eligibility record date shall be subordinated to all other subscriptions involving the exercise of nontransferable subscription rights to purchase shares pursuant to Section 1075.1835.

Ill. Admin. Code tit. 38, § 1075.1840

Amended at 30 Ill. Reg. 19068, effective December 1, 2006