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92_HB5861 LRB9212761BDpk 1 AN ACT in relation to financial regulation. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Banking Act is amended by 5 changing Section 3 as follows: 6 (205 ILCS 5/3) (from Ch. 17, par. 309) 7 Sec. 3. Formation and primary powers. It isshall be8 lawful to form banks, as herein provided, for the purpose of 9 discount and deposit, buying and selling exchange and doing a 10 general banking business, excepting the issuing of bills to 11 circulate as money; and such banks shall have the power to 12 loan money on personal and real estate security, and to 13 accept and execute trusts upon obtaining a certificate of 14 authority pursuant to the "Corporate Fiduciary Act", and 15 shall be subject to all of the provisions of this Act. 16 (Source: P.A. 85-1402.)