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(805 ILCS 310/2)
(from Ch. 32, par. 306)
No person shall be permitted to subscribe for more than 10 shares of the
capital stock of such association, nor shall any person be permitted to own
or control more than 10 shares of the capital stock of such association. The
shares of stock shall not be less than $5 nor more than $1,000 a share, and
subscriptions thereto shall be made payable to the association at such time
or times and in such manner as shall be determined by the directors. No
stock shall be issued except at its par value and no stock shall be issued
in amount to exceed $10,000 to any one shareholder, except as hereinafter
provided for in Section 12 of this Act.
No commission shall be directly or indirectly charged, secured, or
collected for selling stock in such association, and any person, firm or
corporation, charging, receiving or procuring, directly or indirectly, any
such commission commits a petty offense and shall be fined not less than $5
nor more than $100.
(Source: P.A. 98-1122, eff. 8-26-14.)