Illinois § 60e
Full text of Illinois Illinois Compiled Statutes § 60e, with citation guidance and answers to common questions.
§ 60e.
Domestication of Alien Company; definitions. As used in Sections 60e through 60i: (1) "Domestication" means the reorganization of the United States branch of an alien company as the result of which a domestic company shall succeed to all the business and assets and assume all the liabilities of the United States branch of the alien company. (2) "United States branch" means the business unit through which business is transacted within the United States by an alien company and the assets and liabilities of such insurer within the United States pertaining to such business. (3) "Domestic Company" means a stock or mutual insurer incorporated under the laws of this State. (Source: P.A. 85-1373.)
Frequently Asked Questions About Illinois § 60e
What does Illinois Compiled Statutes § 60e cover?
Section 60e 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 § 60e?
A common citation format is "Illinois Compiled Statutes § 60e" (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 § 60e 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.