State of Illinois
92nd General Assembly
Legislation

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[ Introduced ][ House Amendment 001 ]


92_SB1104eng

 
SB1104 Engrossed                               LRB9207791JSpc

 1        AN ACT concerning banking.

 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 9 as follows:

 6        (205 ILCS 5/9) (from Ch. 17, par. 316)
 7        Sec. 9. Contents of application.
 8        (a)  The application for a permit to organize shall be in
 9    a form specified by the Commissioner and shall be filed  with
10    the  Commissioner  signed by each of the applicants and shall
11    be acknowledged before some  officer  authorized  by  law  to
12    acknowledge deeds. It shall state:
13        (1)  The  name,  residence,  business  or  occupation and
14    address of each applicant, and a statement  of  the  proposed
15    management;
16        (2)  The name for the proposed bank;
17        (3)  The location of the proposed bank;
18        (4)  The  amount  of capital and surplus for the proposed
19    bank;
20        (5)  The number of shares of capital stock, the number of
21    shares and classes of preferred stock, if any, the par  value
22    of  the capital stock and preferred stock, and the amount for
23    which each share of capital stock and preferred stock  is  to
24    be sold;
25        (6)  A  statement  of  the financial worth of each of the
26    applicants;
27        (7)  (Blank);
28        (8)  Such other relevant information as the  Commissioner
29    may require.
30        (b)  Information  provided  in  the  application  that is
31    personal or proprietary, including but  not  limited  to  the
 
SB1104 Engrossed            -2-                LRB9207791JSpc
 1    names  of proposed management and the statements of financial
 2    worth of the applicants, may be submitted in  a  confidential
 3    section of or addendum to the application.
 4    (Source: P.A. 90-301, eff. 8-1-97; 90-665, eff. 7-30-98.)

 5        Section  99.  Effective date.  This Act takes effect upon
 6    becoming law.

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