101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB2416

 

Introduced 1/15/2020___________, by

 

SYNOPSIS AS INTRODUCED:
 
205 ILCS 205/2002  from Ch. 17, par. 7302-2

    Amends the Savings Bank Act. Makes a technical change in a Section concerning registration of savings bank holding companies.


LRB101 15774 BMS 65129 b

 

 

A BILL FOR

 

SB2416LRB101 15774 BMS 65129 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Savings Bank Act is amended by changing
5Section 2002 as follows:
 
6    (205 ILCS 205/2002)  (from Ch. 17, par. 7302-2)
7    Sec. 2002. Each savings bank holding company and and each
8subsidiary thereof shall register with the Commissioner within
9180 days after the effective date of this Act or within 90 days
10after becoming a savings bank holding company, whichever is
11later. Each savings bank holding company and each subsidiary
12thereof shall register on those forms as may be prescribed by
13the Commissioner which shall include information with respect
14to the financial conditions, ownership, management, and
15intercompany relations of the holding company and its
16subsidiaries and related matters as the Commissioner may deem
17necessary or appropriate to carry out the purposes of this Act.
18(Source: P.A. 86-1213.)