Home  > LawServer Pro  > Business Law  > Financial Services  > Banking  > Illinois Compiled Statutes > 205 ILCS 5 - Illinois Banking Act 
Search the Illinois Statutes

Illinois Compiled Statutes > 205 ILCS 5 - Illinois Banking Act

Illinois Compiled Statutes > Regulation > Chapter 205 > 205 ILCS 5 - Illinois Banking Act


Current as of: 2010
§ 1Title
§ 2General definitions
§ 2.6Transfer of powers
§ 3Formation and primary powers
§ 4Effect on existing banks
§ 5General corporate powers
§ 5aReverse mortgage loans
§ 5bDeposits in outside depository
§ 5cOwnership of a bankers' bank
§ 5dNotwithstanding any other provision of this Act, a bank may engage...
§ 5eLending and account authority
§ 5fNon-English language transactions
§ 6.1Non-recourse reverse mortgage loans
§ 6.2Reverse mortgage; disclosure
§ 7Organization capital requirements
§ 8Incorporators
§ 9Contents of application
§ 9.5Reservation of corporate name
§ 10Permit to organize
§ 11Stock subscription
§ 12Organization
§ 13Issuance of charter
§ 13.5Formation and merger of interim banks
§ 13.6Banks as limited liability companies
§ 14Stock
§ 14.1Quasi-Reorganization of Capital Upon a Change in Control
§ 15Stock and stockholders
§ 16Directors
§ 16.1One or more of the directors may be removed, with or without cause,...
§ 16.5Employment of persons with convictions
§ 17Changes in charter
§ 18Change in control
§ 19.1As used in Sections 20 through 30 both inclusive of this Act and...
§ 19.2For purposes of Sections 20 through 30 both inclusive of this Act,...
§ 20Resulting national bank or insured savings association
§ 21Resulting State bank
§ 21.1Application for certificate of authority
§ 21.2Interstate mergers; minimum age requirement
§ 21.3Mergers; deposit concentration limits
§ 21.4Out-of-state banks establishing branches
§ 21.5Prohibition against establishment of branches on or near the premises...
§ 22Merger procedure; resulting State bank
§ 23Merger; approval by stockholders
§ 24Effective date of merger; filing
§ 25Conversion of national bank or insured savings association into...
§ 26Converting national banks or insured savings association; issuance...
§ 27Commissioner's expenses
§ 28Continuation of corporate entity
§ 29Dissenting stockholders.) If a stockholder of a state bank which...
§ 30Conversion; merger with trust company
§ 30.5Mid-tier bank holding company merger with State bank
§ 31Emergency sale of assets, change in control, or merger
§ 31.1Savings association branch; bank branch
§ 32Basic loaning limits
§ 32.1Loans to Single Females
§ 33Marketable investment securities limit
§ 34Exceptions to loans and investment limits
§ 35Exemptions from loan and investment limits
§ 35.1Lease limitations
§ 35.2Limitations on investments in and loans to affiliates
§ 36Classification of loans and investments
§ 37Loans to officers and loans on and purchases of bank's own stock
§ 38Validation of loans and investments
§ 39Directors' and officers' liability
§ 40Prohibited activities
§ 43Waivers; corporate action by unanimously signed writing
§ 44School or institutional deposits. Subject to such regulations as...
§ 44.1Services at care facilities
§ 45.1Accounts for minors
§ 46Misleading practices and names prohibited; penalty
§ 47Reports to Commissioner
§ 48Secretary's powers; duties
§ 48.05Regulatory fees
§ 48.1Customer financial records; confidentiality
§ 48.2Prohibition against certain activities
§ 48.3Disclosure of reports of examinations and confidential supervisory...
§ 48.4Enforcement of child support
§ 48.5Reliance on Commissioner
§ 48.6Retention of records
§ 49False statements; penalty
§ 50Commissioner's proceedings exclusive
§ 51Capital impairment, etc.; correction
§ 52Capital impairment, etc.; emergency
§ 53Commissioner's possession; power
§ 54Commissioner's possession; limitation of actions
§ 55Reorganization
§ 56Requirements of reorganization plan
§ 57Reorganization; emergency
§ 58Appointment of receiver; court proceeding
§ 59Notice of receivership
§ 60Receiver's powers; duties
§ 61Receiver's powers; court directions
§ 62Change of receiver
§ 63Insured deposits; subrogation. The right of an agency of the United...
§ 64Expenses and fees
§ 65Dividends; dissolution
§ 66Validation of dividends; destruction of records
§ 67Judicial review
§ 68Voluntary dissolution
§ 69Voluntary dissolution; deposit with Commissioner
§ 70Voluntary dissolution; Commissioner's payments
§ 71Voluntary dissolution; Commissioner's fee
§ 72Voluntary dissolution; dissolving bank
§ 73Voluntary dissolution; limitation on claims
§ 74Voluntary dissolution; termination of charter
§ 74.5Voluntary dissolution of less active bank
§ 75Separability
§ 76Effective Date
§ 77Repealer
§ 78Board of banks and trust companies; creation, members, appointment
§ 79Board, terms of office
§ 80Board; powers
§ 81Board; compensation. No member of the Board, including the chairman,...
§ 82Commissioner, board; civil liability
§ 83Compliance review

________________________________________________________________________

Questions & Answers: Banking

Rhonda, You would need to file a civil complaint in order to do this. You can read a little about the court's authority to remove trustees here: http://www.lawserver.com/law/state...
ECB and CFRN directors have approved merger -- Do shareholders of ECB have to approve action by its Board of Directors ?...
Are banks allowed to add fees, that are due, to an existing loan balance?...
Jerry, As a general matter, yes, bank are allowed to charge fees if they are provided for by the loan agreement, and add those fees to the loan balance, if that is also allowed und...
is disability pay subject to garnishment in Indiana...
Does the Florida Statue state that the employer can charge a fee for direct deposit...

Illinois Laws: Banking

Illinois Compiled Statutes > 205 ILCS 5 - Illinois Banking Act
Illinois Compiled Statutes > 205 ILCS 610 - Banking Emergencies Act
Illinois Compiled Statutes > 205 ILCS 630 - Promissory Note and Bank Holiday Act. (Part 3)
Illinois Compiled Statutes > 205 ILCS 710 - Banking on Illinois Act

U.S. Code Provisions: Banking

U.S. Code > Title 12 - Banks And Banking
U.S. Code Title 12 > Chapter 3 > Subchapter I - Definitions, Organization, And General Provisions Affecting System
U.S. Code Title 12 > Chapter 3 > Subchapter III - Federal Advisory Council
U.S. Code Title 12 > Chapter 3 > Subchapter IV - Federal Open Market Committee
U.S. Code Title 12 > Chapter 3 > Subchapter V - Federal Deposit Insurance Corporation
U.S. Code Title 12 > Chapter 3 > Subchapter VI - Capital And Stock Of Federal Reserve Banks; Dividends And Earnings
U.S. Code Title 12 > Chapter 3 > Subchapter VII - Directors Of Federal Reserve Banks; Reserve Agents And Assistants
U.S. Code Title 12 > Chapter 3 > Subchapter VIII - State Banks As Members Of System
U.S. Code Title 12 > Chapter 3 > Subchapter IX - Powers And Duties Of Federal Reserve Banks
U.S. Code Title 12 > Chapter 3 > Subchapter X - Powers And Duties Of Member Banks
U.S. Code Title 12 > Chapter 3 > Subchapter XI - Depositaries And Fiscal Agents
U.S. Code Title 12 > Chapter 3 > Subchapter XII - Federal Reserve Notes
U.S. Code Title 12 > Chapter 3 > Subchapter XVI - Civil Liability Of Federal Reserve And Member Banks, Shareholders, And Officers
U.S. Code Title 12 > Chapter 3 > Subchapter XVII - Reserve-Bank Branches

Federal Regulations: Banking

U.S. Code > Title 12 - Banks And Banking
U.S. Code Title 12 > Chapter 3 > Subchapter I - Definitions, Organization, And General Provisions Affecting System
U.S. Code Title 12 > Chapter 3 > Subchapter III - Federal Advisory Council
U.S. Code Title 12 > Chapter 3 > Subchapter IV - Federal Open Market Committee
U.S. Code Title 12 > Chapter 3 > Subchapter V - Federal Deposit Insurance Corporation
U.S. Code Title 12 > Chapter 3 > Subchapter VI - Capital And Stock Of Federal Reserve Banks; Dividends And Earnings
U.S. Code Title 12 > Chapter 3 > Subchapter VII - Directors Of Federal Reserve Banks; Reserve Agents And Assistants
U.S. Code Title 12 > Chapter 3 > Subchapter VIII - State Banks As Members Of System
U.S. Code Title 12 > Chapter 3 > Subchapter IX - Powers And Duties Of Federal Reserve Banks
U.S. Code Title 12 > Chapter 3 > Subchapter X - Powers And Duties Of Member Banks
U.S. Code Title 12 > Chapter 3 > Subchapter XI - Depositaries And Fiscal Agents
U.S. Code Title 12 > Chapter 3 > Subchapter XII - Federal Reserve Notes
U.S. Code Title 12 > Chapter 3 > Subchapter XVI - Civil Liability Of Federal Reserve And Member Banks, Shareholders, And Officers
U.S. Code Title 12 > Chapter 3 > Subchapter XVII - Reserve-Bank Branches
Comments (0)add comment

Post a comment or question below.
smaller | bigger

busy
 
Email  Email Print  Print   Digg

monotone-frail