Illinois § 172
Full text of Illinois Illinois Compiled Statutes § 172, with citation guidance and answers to common questions.
§ 172.
Payment of fees to officer or director prohibited. (1) No director or officer of any company party to a merger or consolidation or plan of exchange, except as fully expressed in the agreement of merger or consolidation or plan of exchange shall receive any fee, commission, other compensation or valuable consideration whatever, directly or indirectly for in any manner aiding, promoting or assisting in such merger or consolidation or plan of exchange. (2) Any person violating the provisions of this Section shall be guilty of a Class A misdemeanor. (Source: P.A. 77-2699.)
Frequently Asked Questions About Illinois § 172
What does Illinois Compiled Statutes § 172 cover?
Section 172 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 § 172?
A common citation format is "Illinois Compiled Statutes § 172" (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 § 172 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.