Ill. Admin. Code tit. 50 § 651.40

Current through Register Vol. 48, No. 49, December 6, 2024

Section 651.40 - Acquisition of Control - Form of Statement Filing

a) A person required to file a statement pursuant to Sections 131.4, 131.5 and 131.6 of the Code shall furnish the required information in the format designated on Form A, as specified in the instructions of that form, which is in Illustration A.

b) Acquiring parties, otherwise subject to the requirements of Section 651.40, who seek exemption pursuant to the provisions of Code Section 131.4 or 131.10 shall submit to the Director a typewritten, sworn statement setting forth the particulars of the acquiring party or the transaction that the acquiring party believes meet the criteria for an exemption under Code Section 131.4 or 131.10. If, upon examination of the information submitted by the acquiring party, the Director determines that the statutory criteria of Section 131.4 or 131.10, as appropriate, have been met, then the Director shall enter an Order on the exemption request within 30 days after receipt of the request.

Ill. Admin. Code tit. 50, § 651.40

Recodified from 851.40 at 41 Ill. Reg. 140.

Amended at 41 Ill. Reg. 7558, effective 6/19/2017