The application for a permit to organize shall be on forms required by the Secretary, shall include all information as he deems necessary but must include at least the following:
         (1) The name, address, social security number, date
    
of birth, business address, home address, place of birth, and occupation of each organizer.
        (2) The name of the proposed savings bank.
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Illinois Compiled Statutes 205 ILCS 205/3002

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

         (3) The address of the headquarters, main business
    
office, and branches, if known, of the proposed savings bank. Information must include any real estate interests of the organizers that may be involved with any of these locations.
        (4) The anticipated duration of the proposed savings
    
bank, which may be perpetual.
        (5) An audited financial statement of any corporation
    
or partnership that is one of the organizers or that shall be either a controlling interest in the proposed savings bank, a lender to the proposed savings bank, or a lender for purposes of acquiring an interest in the proposed savings bank to any of the controlling interests. The Secretary may define by regulation the terms “controlling interest” and “lender”.
        (6) The proposed articles of incorporation and
    
bylaws.
        (7) The number of shares of capital stock; the number
    
of shares and classes of preferred stock, if any; the par value of each type of stock which may not be less than $1; the number of shares to be sold and the per share initial offering price of each share.
  Previous section
Next section  
 Article 3 Contents