(205 ILCS 205/11010) (from Ch. 17, par. 7311-10)
Sec. 11010.
Slander.
Any person who knowingly makes, utters, circulates, or
transmits to another or others any statement untrue in fact,
derogatory to the financial condition of any savings bank subject
to this Act with intent to injure any savings bank, or who
counsels, aids, procures, or induces another to originate, make,
utter, transmit, or circulate any statement or rumor, with like
intent, is guilty of slander and shall be punished by a civil money
penalty of not more than $10,000. However, if, as the result of
the statement or rumor a savings bank suffers loss of deposits
or other financial loss, the Commissioner may assess each person
who knowingly participated in the slander, a civil money penalty
of up to $100,000 per savings bank. The person will be deemed
to be significantly involved in the affairs of a savings bank and
the Commissioner may also proceed against that person as provided
in Section 11006.
(Source: P.A. 86-1213.)
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