(205 ILCS 205/3001) (from Ch. 17, par. 7303-1)
Sec. 3001. Application for permit to organize.
(a) Not fewer than 5 nor more than 20 persons may
organize a savings bank under this Act.
(b) The Secretary shall determine the minimum
required capital which shall be at least the minimum required
to obtain insurance of accounts as required by this Act and
shall include additional amounts as the Secretary may find
necessary.
(Source: P.A. 97-492, eff. 1-1-12.)
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