(205 ILCS 645/4) (from Ch. 17, par. 2711)
Sec. 4.
Application for certificate of authority; contents.
A foreign banking corporation, in order to procure a certificate of
authority to establish and maintain a banking office and to conduct thereat a
general banking
business shall make application therefor to the Commissioner, which
application shall set forth:
(a) the name of the corporation, together with the country under the
laws of which it was organized;
(b) the date of its incorporation and the period of its duration;
(c) the address of its principal office in the country under the laws of
which it was organized;
(d) the address of its proposed registered office in this State, and the
name of its proposed registered agent in this State at such address;
(e) the names of other states and countries in which it is admitted or
qualified to transact business;
(f) the names and respective addresses of its directors and principal
officers;
(g) a statement containing such information as the Commissioner may
require indicating that such foreign banking corporation is authorized to
conduct a general banking business under the laws of the country of its
organization, the nature of the business of such foreign banking
corporation and whether the requirements of the reciprocal provision of
Section 3 of this Act can be met;
(h) a complete and detailed statement of its financial condition and the
actual value of its assets, which must be at least $1,000,000 in excess of
its liabilities as of a date within 120 days prior to the date of such
application; and
(i) such additional information as may be necessary or appropriate in
order to enable the Commissioner to determine whether such corporation is
entitled to a certificate of authority.
Such application shall be made on forms prescribed and furnished by the
Commissioner and shall be duly executed in duplicate by the foreign banking
corporation by one or more of its principal officers.
A certificate of authority may not be issued to a foreign banking
corporation under this Act unless the Commissioner finds that the
requirements of Section 10 of the Illinois Banking Act and of Section 3 of
this Act can be met. A foreign banking corporation may not be denied a
certificate of authority by reason of the fact that the laws of the country
under which such foreign banking corporation was organized, governing its
organization and internal affairs, differ from the laws of this State, and
nothing contained in this Act authorizes this State to regulate the
organization or the internal affairs of a foreign banking corporation.
(Source: P.A. 89-208, eff. 6-1-97.)
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