Except by the authority of the Commissioner, represented by the Attorney General, or the Federal Deposit Insurance Corporation pursuant to the Federal Deposit Insurance Act, no complaint shall be filed or proceedings commenced in any court for the dissolution or for the winding up of the affairs or for the appointment of a receiver for any state bank on the grounds:
     (1) That it is insolvent; or

Terms Used In Illinois Compiled Statutes 205 ILCS 5/50

  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

     (2) That its capital is impaired or it is otherwise in an unsound condition; or
     (3) That its business is being conducted in an unlawful, fraudulent or unsafe manner; or
     (4) That it is unable to continue operations; or
     (5) That its examination has been obstructed or impaired.
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