Ill. Admin. Code tit. 47, § 355.305 - Securities
Donations of stocks, bonds or other securities shall be documented by the certificate transferring ownership of the security to the Sponsor or a certificate evidencing the transfer of the beneficial interest in the security to the Sponsor; the amount of the Donation shall be the market value of the security at the close of the market on the day of the transfer.
Notes
Amended at 27 Ill. Reg. 14310, effective August 21, 2003
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