Date	Chamber	Action
2/9/2024	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

205 ILCS 5/2

from Ch. 17, par. 302

205 ILCS 5/5

from Ch. 17, par. 311

205 ILCS 5/13

from Ch. 17, par. 320

205 ILCS 5/14

from Ch. 17, par. 321

205 ILCS 5/15

from Ch. 17, par. 322

205 ILCS 5/16

from Ch. 17, par. 323

205 ILCS 5/16.5

205 ILCS 5/20

from Ch. 17, par. 327

205 ILCS 5/32.1

from Ch. 17, par. 340

205 ILCS 5/40

from Ch. 17, par. 350

205 ILCS 5/48

205 ILCS 5/48.1

from Ch. 17, par. 360

205 ILCS 5/48.2

from Ch. 17, par. 360.1

205 ILCS 5/49

from Ch. 17, par. 361

205 ILCS 5/78

from Ch. 17, par. 390

205 ILCS 5/80

from Ch. 17, par. 392

205 ILCS 205/1008

from Ch. 17, par. 7301-8

205 ILCS 205/4002

from Ch. 17, par. 7304-2

205 ILCS 205/4003

from Ch. 17, par. 7304-3

205 ILCS 205/4013

from Ch. 17, par. 7304-13

205 ILCS 205/6002

from Ch. 17, par. 7306-2

205 ILCS 205/7005

from Ch. 17, par. 7307-5

205 ILCS 205/8002

from Ch. 17, par. 7308-2

205 ILCS 205/8016

from Ch. 17, par. 7308-16

205 ILCS 205/11008

from Ch. 17, par. 7311-8

205 ILCS 205/1007.100 rep.

205 ILCS 205/11011 rep.

Synopsis As Introduced
Amends the Illinois Banking Act. Makes changes to the membership of the State Banking Board of Illinois. Provides that a bank may borrow or incur an obligation and pledge assets to secure deposits. Provides that a bank may provide data processing services to a person for profit. Provides that a bank may invest in financial futures or options transactions. Provides that the board of directors of a bank may provide by resolution that stockholders may attend, participate in, act in, and vote at any annual meeting or special meeting through the use of a conference telephone or interactive technology if specified conditions are satisfied. Provides that a person who makes, or causes to be made, a false statement or false entry with intent to deceive any person or persons authorized to examine into the affairs of the bank or the subsidiary or holding company of that bank, the branch of an out-of-state bank with intent to deceive the Commissioner of Banks and Real Estate or his administrative officers in the performance of their duties under the Act shall be subject to civil penalties imposed by the Commissioner (rather than be guilty of a Class 3 felony). Provides that the Board may authorize the transfer of funds from the Bank and Trust Company Fund. Amends the Savings Bank Act. Provides that the board of directors of a savings bank may provide by resolution that members or stockholders may attend, participate in, act in, and vote at any annual meeting or special meeting through the use of a conference telephone or interactive technology if specified conditions are satisfied. Provides that a savings bank may loan funds through the purchase of fixed rate annuity contracts. Provides that a savings bank may accept deposits made by a minor and may open an account in the name of such minor and the rules and regulations of such savings bank with respect to each such deposit and account shall be as binding upon such minor as if such minor were of full age and legal capacity. Makes changes to various provisions concerning notice to allow for electronic notice. Makes other changes. Effective immediately.

Actions 

Date	Chamber	Action
2/9/2024	Senate	Filed with Secretary by Sen. Mary Edly-Allen
2/9/2024	Senate	First Reading
2/9/2024	Senate	Referred to Assignments

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