(205 ILCS 205/2005) (from Ch. 17, par. 7302-5)
Sec. 2005.
No savings bank holding company, other than an Illinois
savings bank holding company, may control or own more than 5% of
the voting shares or rights of any Illinois savings bank or
Illinois savings bank holding company unless the holding company
is an out-of-state savings bank holding company and the laws of the
state that is the principal place of business of the out-of-state savings
bank holding company expressly authorize an Illinois
savings bank holding company to acquire a savings bank or savings
bank holding company in that state under qualifications and
conditions that are not unduly restrictive when compared to those
imposed by the laws of Illinois, as determined by the Commissioner.
(Source: P.A. 86-1213.)
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