TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: OFFICE OF BANKS AND REAL ESTATE
PART 397 CORPORATE FIDUCIARY RECEIVERSHIP ACCOUNT
SECTION 397.30 QUARTERLY FEE TO FUND THE ACCOUNT


 

Section 397.30  Quarterly Fee to Fund the Account

 

a)         Each corporate fiduciary will be assessed a quarterly fee of $200 until the balance of the account reaches the maximum amount established by Section 5-10 of the Act.

 

b)         Each Illinois trust company will be assessed an additional quarterly fee until the balance of the account reaches the maximum amount established by Section 5-10 of the Act.  The additional quarterly fee will be based on the following formula:

 

Additional quarterly fee to be paid by each Illinois trust company

=

(4,000,000 – 8,000A)

x

B

(40)

C

 

(Source:  Amended at 26 Ill. Reg. 1677, effective January 23, 2002)