|
| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB0861 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 205 ILCS 205/2002 | from Ch. 17, par. 7302-2 |
|
Amends the Savings Bank Act. Makes a technical change in a
Section concerning registration of savings bank holding companies.
|
| |
| | A BILL FOR |
|
|
| | HB0861 | | LRB099 04669 MGM 24698 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 Savings Bank Act is amended by changing |
| 5 | | Section 2002 as follows:
|
| 6 | | (205 ILCS 205/2002) (from Ch. 17, par. 7302-2)
|
| 7 | | Sec. 2002.
Each savings bank holding company and
and each |
| 8 | | subsidiary
thereof shall register with the Commissioner within |
| 9 | | 180 days after
the effective date of this Act or within 90 days |
| 10 | | after becoming a
savings bank holding company, whichever is |
| 11 | | later. Each savings
bank holding company and each subsidiary |
| 12 | | thereof shall register on
those forms as may be prescribed by |
| 13 | | the Commissioner which shall
include information with respect |
| 14 | | to the financial conditions,
ownership, management, and |
| 15 | | intercompany relations of the holding
company and its |
| 16 | | subsidiaries and related matters as the
Commissioner may deem |
| 17 | | necessary or appropriate to carry out the
purposes of this Act. |
| 18 | | (Source: P.A. 86-1213.)
|