Section 1075.2110  Continuity of Corporate Existence

Upon the filing of the articles of incorporation of a converted savings bank with the Director in accordance with Section 1075.2160, the corporate existence of the mutual savings bank converting to a stock savings bank pursuant to this Subpart shall not discontinue, but the converted savings bank shall be a continuation of the entity of the mutual savings bank so converted and shall have the same rights and obligations as it had before the conversion.

(Source:  Amended at 30 Ill. Reg. 19068, effective December 1, 2006)