(205 ILCS 205/7006) (from Ch. 17, par. 7307-6)
Sec. 7006.
Prohibited activities.
(a) No savings bank shall participate, directly or indirectly, in the sale
or transfer of any equity or debt security or instrument of any affiliate
of the savings bank or the parent holding company of the savings bank or
its affiliates.
(b) No shareholder, director, officer, employee, or agent of the savings
bank may participate, directly or indirectly, in any sale or transfer
described in subsection (a), nor shall they allow any other person to do
so on the premises of the savings bank, any of its branch or facility
offices, agency offices, or any office of the savings bank's subsidiaries
or service corporations.
(c) Violation of this Section shall subject the person or persons
committing the violation to assessment of civil money penalties as
provided for in this Act.
(Source: P.A. 86-1213.)
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