Illinois Statutes
§ 3001 — Application for permit to organize
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 205/ Savings Bank Act.·Art. Article 3 - Incorporation And Organization
(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.)