95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0864

 

Introduced 2/8/2007, by Sen. Jacqueline Y. Collins - Emil Jones, Jr.

 

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.


LRB095 05602 MJR 25692 b

 

 

A BILL FOR

 

SB0864 LRB095 05602 MJR 25692 b

1     AN ACT concerning regulation.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Savings Bank Act is amended by changing
5 Section 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
8 subsidiary thereof shall register with the Commissioner within
9 180 days after the effective date of this Act or within 90 days
10 after becoming a savings bank holding company, whichever is
11 later. Each savings bank holding company and each subsidiary
12 thereof shall register on those forms as may be prescribed by
13 the Commissioner which shall include information with respect
14 to the financial conditions, ownership, management, and
15 intercompany relations of the holding company and its
16 subsidiaries and related matters as the Commissioner may deem
17 necessary or appropriate to carry out the purposes of this Act.
18 (Source: P.A. 86-1213.)