Illinois Compiled Statutes 205 ILCS 305/16 – Societies and associations
Current as of: 2023 | Check for updates
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Societies, associations, clubs, partnerships, corporations, and limited liability companies in which the majority of the members, partners, or shareholders are individuals who are eligible for credit union membership may be admitted to membership in a credit union in the same manner and under the same conditions as individuals, subject to such rules as the Secretary and the Director may promulgate hereunder.