Illinois Administrative Code
Title 50 - INSURANCE
Part 907 - EXEMPT SALE OF INSURANCE COMPANY SHARES
Section 907.20 - Definition of Shares
Universal Citation: 50 IL Admin Code ยง 907.20
Current through Register Vol. 48, No. 12, March 22, 2024
The word shares, as used in this Part, shall include securities issued by and representing an interest in any insurance company. However, the word shares shall not include rights to shares (as distinguished from the shares proper) under stock option plans which have been approved by the Director of Insurance.
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