Illinois Administrative Code
Title 50 - INSURANCE
Part 913 - SECURITIES REGULATION
Section 913.40 - Filing Requirement
Universal Citation: 50 IL Admin Code ยง 913.40
Current through Register Vol. 48, No. 12, March 22, 2024
Pursuant to Section 147.1 of the Code and the provisions of this Part, a formal application must be submitted to obtain a permit from the Director to sell shares. Any domestic company seeking a permit to solicit subscriptions and issue shares under Section 20 or Section 32 of the Code, except for a private sale as set forth under 50 Ill. Adm. Code 907, shall likewise submit a formal application. The applicant shall deliver to the Director all documents, paper, agreements and other items that are required to be filed (see Section 913.100) .
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