Illinois Code § 215 ILCS 5/131.10

Sections 131.4 through 131.12 do not apply to:
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(1) any transaction which is subject to Article X of this Code
dealing with merger, consolidation or plans of exchange;

 
(2) any offer, request, invitation, agreement or acquisition which
the Director by order exempts therefrom as (a) not having been made or
entered into for the purpose and not having the effect of changing or
influencing the control of a domestic company, or (b) as otherwise not
comprehended within the purposes of Sections 131.4 through 131.12.

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