If the dividing company does not survive the division, an objecting shareholder of a dividing company is entitled to appraisal rights and to obtain payment of the fair value of that shareholder's shares, in the same manner and to the extent provided for pursuant to Section 167.
215 ILCS 5/35B-45
Shareholder rights
Known as the Domestic Stock Company Division Law
The act spans §§ 215-5-35b-1 to 215-5-35b-50 (11 sections).
P.A. 100-1118, eff. 11-27-18.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.