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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB2418 Introduced 2/26/2021, by Sen. Napoleon Harris, III SYNOPSIS AS INTRODUCED:
| | 205 ILCS 610/3 | from Ch. 17, par. 1003 |
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Amends the Banking Emergencies Act. Makes a technical change in a Section
relating to notice to the Secretary of Financial and Professional Regulation.
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| | A BILL FOR |
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| | SB2418 | | LRB102 04901 BMS 14920 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Banking Emergencies Act is amended by |
| 5 | | changing Section 3 as follows:
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| 6 | | (205 ILCS 610/3) (from Ch. 17, par. 1003)
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| 7 | | Sec. 3.
Notice
to Commissioner and
and the Public.
A bank |
| 8 | | closing an office or offices pursuant to the authority granted
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| 9 | | herein under this Act shall give as prompt notice of its action |
| 10 | | as
conditions will permit and by any means available, to the |
| 11 | | Commissioner, or
in the case of a national bank, to the |
| 12 | | Comptroller of the Currency. In
addition the bank shall post |
| 13 | | notice of the temporary closing and the
authorization for the |
| 14 | | closing on the main entrance doors of the bank
affected. |
| 15 | | (Source: P.A. 77-1782.)
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