(215 ILCS 5/161) (from Ch. 73, par. 773)
Sec. 161.
Approval
and execution of agreement or plan of exchange by foreign or alien
company.
In the event that a foreign or alien company is a party to the agreement
of merger or consolidation or plan of exchange, the agreement or plan shall
be executed by the proper officers of such foreign or alien company when
they are duly authorized thereto by such action on the part of the
directors, shareholders, members, or policyholders of such foreign or alien
company as may be required by the laws of the domiciliary state or country
of such foreign or alien company.
(Source: Laws 1967, p. 2406.)
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