093_HB1521ham002
LRB093 10178 JLS 14548 a
1 AMENDMENT TO HOUSE BILL 1521
2 AMENDMENT NO. . Amend House Bill 1521, AS AMENDED,
3 by replacing the title with the following:
4 "AN ACT in relation to financial regulation."; and
5 by replacing everything after the enacting clause with the
6 following:
7 "Section 5. The Illinois Banking Act is amended by
8 changing Section 3 as follows:
9 (205 ILCS 5/3) (from Ch. 17, par. 309)
10 Sec. 3. Formation and primary powers. It isshall be
11 lawful to form banks, as herein provided, for the purpose of
12 discount and deposit, buying and selling exchange and doing a
13 general banking business, excepting the issuing of bills to
14 circulate as money; and such banks shall have the power to
15 loan money on personal and real estate security, and to
16 accept and execute trusts upon obtaining a certificate of
17 authority pursuant to the "Corporate Fiduciary Act", and
18 shall be subject to all of the provisions of this Act.
19 (Source: P.A. 85-1402.)".