96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0667

 

Introduced 2/6/2009, by Sen. John J. Cullerton

 

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 of Banks and Real Estate.


LRB096 06727 MJR 16811 b

 

 

A BILL FOR

 

SB0667 LRB096 06727 MJR 16811 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 Banking Emergencies Act is amended by
5 changing Section 3 as follows:
 
6     (205 ILCS 610/3)  (from Ch. 17, par. 1003)
7     Sec. 3. Notice to Commissioner and and the Public. A bank
8 closing an office or offices pursuant to the authority granted
9 herein under this Act shall give as prompt notice of its action
10 as conditions will permit and by any means available, to the
11 Commissioner, or in the case of a national bank, to the
12 Comptroller of the Currency. In addition the bank shall post
13 notice of the temporary closing and the authorization for the
14 closing on the main entrance doors of the bank affected.
15 (Source: P.A. 77-1782.)