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TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION PART 1075 SAVINGS BANK ACT SECTION 1075.1900 REGISTRATION OF SECURITIES – MARKETING OF SECURITIES – LISTING OF SHARES ON SECURITIES EXCHANGE OR NASDAQ QUOTATION SYSTEM
Section 1075.1900 Registration of Securities – Marketing of Securities – Listing of Shares on Securities Exchange or NASDAQ Quotation System
A converted savings bank or savings bank holding company shall:
a) promptly register securities issued in its conversion pursuant to the Securities and Exchange Act of 1934 (15 USC 78a et seq.) and undertake not to deregister the securities for a period of 3 years thereafter;
b) use its best efforts to encourage and assist a market maker to establish and maintain a market for the securities issued in connection with the conversion; and
c) use its best efforts to list those shares issued in connection with the conversion on a national or regional securities exchange or on the National Association of Securities Dealers Automated Quotations (NASDAQ) system.
(Source: Amended at 30 Ill. Reg. 19068, effective December 1, 2006) |