Ill. Admin. Code tit. 38 § 1075.1900

Current through Register Vol. 48, No. 45, November 8, 2024

Section 1075.1900 - Registration of Securities - Marketing of Securities - Listing of Shares on Securities Exchange or NASDAQ Quotation System

A converted savings bank or savings bank holding company shall:

a) promptly register securities issued in its conversion pursuant to the Securities and Exchange Act of 1934 ( 15 USC 78 a et seq.) and undertake not to deregister the securities for a period of 3 years thereafter;

b) use its best efforts to encourage and assist a market maker to establish and maintain a market for the securities issued in connection with the conversion; and

c) use its best efforts to list those shares issued in connection with the conversion on a national or regional securities exchange or on the National Association of Securities Dealers Automated Quotations (NASDAQ) system.

Ill. Admin. Code tit. 38, § 1075.1900

Amended at 30 Ill. Reg. 19068, effective December 1, 2006