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Illinois Compiled Statutes

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Information maintained by the Legislative Reference Bureau
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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205 ILCS 205/10015

    (205 ILCS 205/10015)
    Sec. 10015. Secretary's proceedings exclusive. Except by the authority of the Secretary, represented by the Attorney General, or the Federal Deposit Insurance Corporation pursuant to the Federal Deposit Insurance Act, no complaint shall be filed or proceedings commenced in any court for the dissolution of, the winding up of the affairs of, or the appointment of a receiver for any savings bank on the grounds that:
        (1) it is insolvent;
        (2) its capital is impaired or it is otherwise in an
unsound condition;
        (3) its business is being conducted in an unlawful,
fraudulent or unsafe manner;
        (4) it is unable to continue operations; or
        (5) its examination has been obstructed or impaired.
(Source: P.A. 96-1365, eff. 7-28-10.)