(205 ILCS 5/4) (from Ch. 17, par. 310)
Sec. 4.
Effect on existing banks.
The certificates, permits and charters of state banks existing at the
time of the adoption of this Act shall continue in full force and effect,
and the provisions of this Act shall apply thereto. Any corporation with
banking powers availing itself of or accepting the benefits of this Act and
all corporations with banking powers existing by virtue of any special
charter or general law of this State, shall be subject to the provisions
and requirements of this Act in every particular, as if organized under
this Act.
(Source: Laws 1955, p. 83.)
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