(215 ILCS 5/172) (from Ch. 73, par. 784)
Sec. 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.)
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