103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2233

 

Introduced 2/10/2023, by Sen. Laura Ellman

 

SYNOPSIS AS INTRODUCED:
 
205 ILCS 610/3  from Ch. 17, par. 1003

    Amends the Banking Emergencies Act. Makes a technical change in a Section relating to notice to the Commissioner and the public.


LRB103 29469 HLH 55863 b

 

 

A BILL FOR

 

SB2233LRB103 29469 HLH 55863 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 Banking Emergencies Act is amended by
5changing Section 3 as follows:
 
6    (205 ILCS 610/3)  (from Ch. 17, par. 1003)
7    Sec. 3. Notice to Commissioner and the public. A bank
8closing an office or offices under Section 2 of this Act shall
9give as prompt notice of its action as conditions will permit
10and and by any means available, to the Commissioner, or in the
11case of a national bank, to the Comptroller of the Currency. In
12addition the bank shall post notice of the temporary closing
13and the authorization for the closing on the main entrance
14doors of the office or offices affected.
15(Source: P.A. 102-553, eff. 1-1-22.)