§ 205 ILCS 205/1001 This Act may be cited as the Savings Bank Act
§ 205 ILCS 205/1001.5 References to Office or Commissioner of Banks and Real Estate
§ 205 ILCS 205/1002 Policy and purpose
§ 205 ILCS 205/1003 Administration
§ 205 ILCS 205/1004 Applicability
§ 205 ILCS 205/1005 Insurance of accounts
§ 205 ILCS 205/1006 Parity
§ 205 ILCS 205/1006.05 Out-of-state savings banks establishing branches
§ 205 ILCS 205/1006.10 Prohibition against establishment of offices or branches on or …
§ 205 ILCS 205/1007 Definitions
§ 205 ILCS 205/1007.05 “Affiliate” means any company that controls, is controlled by, or is …
§ 205 ILCS 205/1007.10 “Appraisal” means a professionally derived written conclusion of the …
§ 205 ILCS 205/1007.15 “Bank” means a commercial bank chartered by the Comptroller of the …
§ 205 ILCS 205/1007.20 “Branch” or “branch office” includes any location established by a …
§ 205 ILCS 205/1007.25 “Capital” includes net worth, paid-in-surplus, capital stock equity, …
§ 205 ILCS 205/1007.30 “Commissioner” means the Secretary of Financial and Professional …
§ 205 ILCS 205/1007.35 “Control”, unless specified otherwise in this Act, shall …
§ 205 ILCS 205/1007.40 “Default” and “in danger of default” shall have the respective …
§ 205 ILCS 205/1007.45 “Deposit insurance corporation” means the Federal Deposit Insurance …
§ 205 ILCS 205/1007.50 “Depository institution”, as used in this Act, shall mean an insured …
§ 205 ILCS 205/1007.55 “Director” means any director, trustee, or other person performing …
§ 205 ILCS 205/1007.57 Division
§ 205 ILCS 205/1007.60 “Eligible insured bank” means an insured bank, having its main …
§ 205 ILCS 205/1007.65 “Fiduciary” means a trustee, executor, administrator, guardian, …
§ 205 ILCS 205/1007.75 “Insured savings bank” means a savings bank the accounts of which are …
§ 205 ILCS 205/1007.80 “Investment” means loans, both residential and commercial, as well as …
§ 205 ILCS 205/1007.85 “Marketable investment securities” means investment grade marketable …
§ 205 ILCS 205/1007.90 “Person” means an individual, corporation, limited liability company, …
§ 205 ILCS 205/1007.95 “Prudent person rule” means that in all activities connected with …
§ 205 ILCS 205/1007.100 “Published” means the publishing of the notice referred to, in a …
§ 205 ILCS 205/1007.105 “Service corporation” means any corporation or limited liability …
§ 205 ILCS 205/1007.110 “Value” means the present worth of all rights to future benefits …
§ 205 ILCS 205/1007.115 Federal association
§ 205 ILCS 205/1007.120 Affiliate facility
§ 205 ILCS 205/1007.125 “Bylaws” means the bylaws of a savings bank that are adopted by the …
§ 205 ILCS 205/1007.130 Out-of-state savings bank
§ 205 ILCS 205/1007.135 Secretary of the Department of Financial and Professional Regulation
§ 205 ILCS 205/1007.150 Applicability of other Acts
§ 205 ILCS 205/1008 General corporate powers
§ 205 ILCS 205/1008.05 Non-English language transactions
§ 205 ILCS 205/1009 Status as IRS qualified thrift lender

Terms Used In Illinois Compiled Statutes > 205 ILCS 205 > Article 1 - General Provisions

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • 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.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14