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

    Amends the Banking Emergencies Act. Makes a technical change in a Section relating to notice to the Secretary of Financial and Professional Regulation.


LRB102 04901 BMS 14920 b

 

 

A BILL FOR

 

SB2418LRB102 04901 BMS 14920 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Banking Emergencies Act is amended by
5changing Section 3 as follows:
 
6    (205 ILCS 610/3)  (from Ch. 17, par. 1003)
7    Sec. 3. Notice to Commissioner and and the Public. A bank
8closing an office or offices pursuant to the authority granted
9herein under this Act shall give as prompt notice of its action
10as conditions will permit and by any means available, to the
11Commissioner, or in the case of a national bank, to the
12Comptroller of the Currency. In addition the bank shall post
13notice of the temporary closing and the authorization for the
14closing on the main entrance doors of the bank affected.
15(Source: P.A. 77-1782.)