Article VII - Voluntary Liquidation - Illinois Statutes

      (205 ILCS 620/Art. VII heading)ARTICLE VII. VOLUNTARY LIQUIDATION

(205 ILCS 620/7‑1) (from Ch. 17, par. 1557‑1)     Sec. 7‑1. Voluntary liquidation; procedure. Any corporate fiduciary which desires to retire from business under this Act, shall furnish to the Commissioner satisfactory evidence of its release and discharge from all the obligations and trusts hereinbefore provided for, whereupon the Commissioner shall revoke the certificate of authority of such corporate fiduciary. (Source: P.A. 89‑364, eff. 8‑18‑95.)