Illinois Statutes
§ 1005 — Insurance of accounts
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 205/ Savings Bank Act.·Art. Article 1 - General Provisions
Each savings bank operating under this Act must secure insurance of its deposit accounts backed by the full faith and credit of the United States government prior to commencing business and may, subject to the Commissioner's regulation, secure or participate in efforts to obtain insurance of those deposits that are in excess of the amount eligible for federal insurance of accounts. The insurance shall be known as "excess insurance".
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 1005 (Insurance of accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 86-1213.)
Nearby Sections
15
§ 10-1
Net worth§ 10-10
Pawnbroker Regulation Fund§ 10-2
Surety bond§ 10-35
Investigation of complaints§ 10-45
Confidential information§ 10-50
Confidentiality