(205 ILCS 205/8009) (from Ch. 17, par. 7308-9)
Sec. 8009. Sale of assets. Subject to regulations of the Secretary, a savings bank, in one
transaction not in the usual course of
business, may sell all or substantially all of its assets, with or
without its name and goodwill, to another savings bank or depository institution, in consideration of money, capital, or
obligations of the purchasing institution. A savings bank may sell
any office or facility and equipment in conformity with the
regulations of the Secretary.
(Source: P.A. 97-492, eff. 1-1-12.)
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