Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 120 - CURRENCY EXCHANGE ACT
Section 120.250 - Sale of Capital Stock
Universal Citation: 38 IL Admin Code ยง 120.250
Current through Register Vol. 48, No. 12, March 22, 2024
No sale, transfer or assignment of capital stock of a corporate licensee shall be made without first obtaining the consent and approval of the Secretary. Any person contemplating the acquisition of these shares of stock shall first apply for consent and approval by filing with the Secretary an applicant's questionnaire, together with a personal sworn financial statement, credit report, investigation fee and any other information the Secretary may deem necessary, pursuant to Section 10 of the Act.
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