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#2274385 - 08/18/22 02:01 PM Illinois State Laws & Merger
Bankwoman1 Offline
Diamond Poster
Joined: Dec 2015
Posts: 1,067
Midwest
Does anyone have any knowledge of Illinois state law regarding mergers? Or where I could find information on Illinois state law and mergers? A bank in Illinois is merging with us (we are in Indiana) and I am trying to find information on whether the Illinois branch will follow Illinois state laws or Indiana, since the main branch is located in Indiana.

I appreciate any help with pointing me in the right direction!

Thanks!

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#2274390 - 08/18/22 03:03 PM Re: Illinois State Laws & Merger Bankwoman1
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
I think you need to start reading at: (205 ILCS 5/21)

https://ilga.gov/legislation/ilcs/ilcs3.asp?ActID=1178
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#2274420 - 08/18/22 08:21 PM Re: Illinois State Laws & Merger Bankwoman1
Bankwoman1 Offline
Diamond Poster
Joined: Dec 2015
Posts: 1,067
Midwest
Thanks Randy! I was already on that page, just hadn't made it down to 5/21 yet.

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