Illinois Statutes

§ 44 — School or institutional deposits

Illinois § 44
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 5/Illinois Banking Act.

This text of Illinois § 44 (School or institutional deposits) 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. 44 (2026).

Text

Subject to such regulations as the Commissioner may prescribe for the protection of depositors, a bank may contract with the proper authorities of any elementary or secondary school, or of any institution caring for minors, for the participation by the bank in any school or institutional thrift or savings plan, and it may accept deposits at such school or institution, either by its own collector or by any representative of the school or institution who becomes the agent of the bank for such purpose.

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Legislative History

(Source: P.A. 89-364, eff. 8-18-95.)

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Bluebook (online)
Illinois § 44, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/44.