Illinois Compiled Statutes
Chapter 205 - FINANCIAL REGULATION
205 ILCS 710/ - Banking on Illinois Act.

(205 ILCS 710/1)
Sec. 1.
Short title.
This Act may be cited as the
Banking on Illinois Act.

(Source: P.A. 91-330, eff. 7-29-99.)
 
(205 ILCS 710/5)
Sec. 5.
Findings and declarations of policy.
The General Assembly hereby
finds and declares:
(Source: P.A. 91-330, eff. 7-29-99.)
 
(205 ILCS 710/10)
Sec. 10.
Purpose.
The purpose of this Act is to encourage and provide a
favorable environment in Illinois for the chartering and operating of
banks
that locate and maintain main banking offices in this State.

(Source: P.A. 91-330, eff. 7-29-99.)
 
(205 ILCS 710/15)
Sec. 15.
Application of Illinois law.
(a) To further the purpose and policies of this Act, the provisions of the
following Acts shall be liberally construed:
(b) Subsection (a) of this Section shall not be applied in a manner that
will adversely affect the safety and soundness of a bank.

(Source: P.A. 91-330, eff. 7-29-99.)
 
(205 ILCS 710/95)
Sec. 95.

(Amendatory provisions; text omitted.)

(Source: P.A. 91-330, eff. 7-29-99; text omitted.)
 
(205 ILCS 710/99)
Sec. 99.
Effective date.
This Act takes effect upon becoming law.

(Source: P.A. 91-330, eff. 7-29-99.)

Structure Illinois Compiled Statutes