(205 ILCS 205/7005) (from Ch. 17, par. 7307-5)

Sec. 7005. Holders of deposit accounts.

Deposit accounts of a savings bank may be held as follows:

(1) by any individual in his own right, regardless of age or marital status, or by 2 or more individuals;

(2) by a fiduciary when authorized by law;

(3) by a government or governmental instrumentality when authorized by law; and

(4) by any corporation or other person when not prohibited by law.

(Source: P.A. 86-1213.)