Illinois Statutes
§ 5006 — Who may hold capital
Illinois·Topic REGULATION·Ch. 205 FINANCIAL REGULATION·Act 205 ILCS 205/ Savings Bank Act.·Art. Article 5 - Capital
Capital stock of a savings bank may be held:
(1)By any individual in his own right, regardless of age or marital status, or by 2 or more individuals.
(2)By a fiduciary when authorized by law.
(3)By a government or governmental instrumentality when authorized by law.
(4)By any corporation or other person when not prohibited by law.
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Legislative History
(Source: P.A. 86-1213.)
Nearby Sections
10
§ 5001
Minimum capital§ 5003
Capital stock; nature§ 5006
Who may hold capital§ 5007
Capital Maintenance§ 5008
Dividends