Illinois § 11.32
Full text of Illinois Illinois Compiled Statutes § 11.32, with citation guidance and answers to common questions.
§ 11.32.
Merger or conversion of trust company into a State bank. (a) A trust company may merge into a State bank in the following manner: (1) The trust company shall comply with the provisions of this Act with respect to the merger of domestic corporations, and the surviving State bank shall comply with the provisions of Section 30 of the Illinois Banking Act. (2) Section 11.50 of this Act shall, insofar as it is applicable, apply to mergers between trust companies and State banks. (b) Whenever a trust company shall effect a conversion into a State bank pursuant to Section 30 of the Illinois Banking Act, it shall forthwith file with the Secretary of State a copy of the certificate of conversion duly authenticated by the Commissioner of Banks and Real Estate. The filing fee shall be the same as for filing articles of merger. (c) For the purpose of this Section 11.32, a "trust company" means a corporation organized under this Act for the purpose of accepting and executing trusts. (Source: P.A. 90-301, eff. 8-1-97.)
Frequently Asked Questions About Illinois § 11.32
What does Illinois Compiled Statutes § 11.32 cover?
Section 11.32 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 11.32?
A common citation format is "Illinois Compiled Statutes § 11.32" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 11.32 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.