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215 ILCS 5/35B-5

Purpose

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.

The purpose of this Article is to stimulate economic development in the State of Illinois by creating and sustaining employment opportunities and increasing and sustaining taxable revenue, through improving the competitive position of domestic stock companies, maintaining the competitiveness of this State as a state of domicile for domestic stock companies, and enhancing the desirability of this State as a jurisdiction of domicile for newly incorporating and existing foreign stock companies.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.