(205 ILCS 616/35)
Limit on switch connections.
No main office or branch of a
financial institution shall at
the same time be
directly connected to more than one switch; provided, however, that (a) no
financial institution shall be deemed to be directly connected to a switch that
is, or is owned directly or indirectly by, that financial institution, and (b)
in this Act shall preclude (1) a terminal that does not accept deposits from
connected to more than one switch, (2) a network from utilizing more than one
switch, or (3) a network from utilizing a single switch.
(Source: P.A. 89-310, eff. 1-1-96.)