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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB1708
Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - James D. Brosnahan SYNOPSIS AS INTRODUCED:
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205 ILCS 205/2002 |
from Ch. 17, par. 7302-2 |
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Amends the Savings Bank Act. Makes a technical change in a
Section concerning registration of savings bank holding companies.
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A BILL FOR
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HB1708 |
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LRB096 05316 MJR 15382 b |
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| AN ACT concerning regulation.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Savings Bank Act is amended by changing |
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| Section 2002 as follows:
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| (205 ILCS 205/2002) (from Ch. 17, par. 7302-2)
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| Sec. 2002.
Each savings bank holding company and
and each |
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| subsidiary
thereof shall register with the Commissioner within |
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| 180 days after
the effective date of this Act or within 90 days |
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| after becoming a
savings bank holding company, whichever is |
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| later. Each savings
bank holding company and each subsidiary |
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| thereof shall register on
those forms as may be prescribed by |
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| the Commissioner which shall
include information with respect |
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| to the financial conditions,
ownership, management, and |
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| intercompany relations of the holding
company and its |
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| subsidiaries and related matters as the
Commissioner may deem |
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| necessary or appropriate to carry out the
purposes of this Act. |
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| (Source: P.A. 86-1213.)
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