Illinois § 3.07

Illinois Statutes

§ 3.07

Illinois § 3.07

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 10/Illinois Bank Holding Company Act of 1957.

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Bluebook

205 Ill. Comp. Stat. 3.07 (2026).

Text

Except as authorized under Section 3.061 of this Act, no bank holding company other than an Illinois bank holding company, may control any Illinois bank or own more than 5% of the voting shares of any Illinois bank, unless:

(a)such bank holding company acquired such control or voting shares under circumstances described in (A), (B), (C), (D) or (E) of subsection (h) of Section 2 of this Act; or (b) such bank holding company qualifies under the provisions of Section 3.071.

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Except as authorized under Section 3.061 of this Act, no bank holding company other than an Illinois bank holding company, may control any Illinois bank or own more than 5% of the voting shares of any Illinois bank, unless: (a) such bank holding company acquired such control or voting shares under circumstances described in (A), (B), (C), (D) or (E) of subsection (h) of Section 2 of this Act; or (b) such bank holding company qualifies under the provisions of Section 3.071.