Home/Illinois/Statutes/Topic: REGULATION/Ch. 205: FINANCIAL REGULATION/Act 205 ILCS 205/: Savings Bank Act./Art.: Article 3 - Incorporation And Organization/§ 3001
Illinois Statutes

§ 3001 — Application for permit to organize

Illinois § 3001
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 205/Savings Bank Act.
Art.Article 3 - Incorporation And Organization

This text of Illinois § 3001 (Application for permit to organize) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
205 Ill. Comp. Stat. 3001 (2026).

Text

(a)Not fewer than 5 nor more than 20 persons may organize a savings bank under this Act.
(b)The Secretary shall determine the minimum required capital which shall be at least the minimum required to obtain insurance of accounts as required by this Act and shall include additional amounts as the Secretary may find necessary.

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Legislative History

(Source: P.A. 97-492, eff. 1-1-12.)

Nearby Sections

11
§ 30
§ 30
§ 30-10
Additional rulemaking authority
§ 30-5
Confidential supervisory information
§ 30.5
Mid-tier bank holding company merger with State bank
§ 3001
Application for permit to organize
§ 3002
Contents of application for permit to organize
§ 3003
Contents of articles of incorporation
§ 3004
Contents of bylaws
§ 3005
Permit to organize
§ 3006
Temporary organization and capital subscriptions
§ 3007
Completion of organization
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Bluebook (online)
Illinois § 3001, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/3001.