|
|
|
|
96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2255
Introduced 2/18/2009, by Rep. Monique D. Davis SYNOPSIS AS INTRODUCED:
|
|
205 ILCS 5/3 |
from Ch. 17, par. 309 |
|
Amends the Illinois Banking Act. Makes a technical change in a Section
concerning the primary powers of banks.
|
| |
|
|
|
|
A BILL FOR
|
|
|
|
|
HB2255 |
|
LRB096 10169 MJR 20337 b |
|
|
| 1 |
| AN ACT concerning regulation.
|
| 2 |
| Be it enacted by the People of the State of Illinois, |
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Illinois Banking Act is amended by changing |
| 5 |
| Section 3 as follows:
|
| 6 |
| (205 ILCS 5/3) (from Ch. 17, par. 309)
|
| 7 |
| Sec. 3. Formation and primary powers. It shall be lawful to |
| 8 |
| form banks,
as herein provided, for the
the purpose of discount |
| 9 |
| and deposit, buying and
selling exchange and doing a general |
| 10 |
| banking business, excepting the
issuing of bills to circulate |
| 11 |
| as money; and such banks shall have the power
to loan money on |
| 12 |
| personal and real estate security, and to accept and execute
|
| 13 |
| trusts upon obtaining a certificate of authority pursuant to |
| 14 |
| the "Corporate
Fiduciary Act", and shall be subject to all of |
| 15 |
| the provisions of this Act. |
| 16 |
| (Source: P.A. 85-1402.)
|