093_SB1813
LRB093 04564 JLS 04617 b
1 AN ACT in relation to banking emergencies.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Banking Emergencies Act is amended by
5 changing Section 3 as follows:
6 (205 ILCS 610/3) (from Ch. 17, par. 1003)
7 Sec. 3. Notice to Commissioner and the public. A bank
8 closing an office or offices pursuant to the authority
9 granted herein under this Act shall give as prompt notice of
10 its action as conditions will permit and by any means
11 available, to the Commissioner, or in the case of a national
12 bank, to the Comptroller of the Currency. In addition, the
13 bank shall post notice of the temporary closing and the
14 authorization for the closing on the main entrance doors of
15 the bank affected.
16 (Source: P.A. 77-1782.)