TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 310 MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR BANKS AND TRUST COMPANIES
SECTION 310.320 EXCEPTIONS TO MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR TRUST COMPANIES
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 310 MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR BANKS AND TRUST COMPANIES
SECTION 310.320 EXCEPTIONS TO MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR TRUST COMPANIES
Section 310.320 Exceptions to Minimum Organizational Capital Requirements for Trust Companies
An Illinois trust company organized before January 1, 2003, when a lower capital requirement may have been in effect, may continue to operate under that lower capital requirement unless the Commissioner has increased the required capital for that trust company under Section 2-7 of the Corporate Fiduciary Act.