§ 1 This Act shall be known and may be cited as the “Foreign Bank …
§ 2 Definitions
§ 3 No person, copartnership, association, corporation or other entity …
§ 4 Application; fees
§ 5 (a) Each foreign bank which is licensed to establish and maintain a …
§ 6 Revocation of license
§ 7 Reliance on Commissioner
§ 7.5 Non-English language transactions
§ 8 Powers of the Commissioner

Terms Used In Illinois Compiled Statutes > 205 ILCS 650

  • 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.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC