Illinois Statutes
§ 5006 — Who may hold capital
Illinois § 5006
JurisdictionIllinois
TopicREGULATION
Ch. 205FINANCIAL REGULATION
Act 205 ILCS 205/Savings Bank Act.
Art.Article 5 - Capital
This text of Illinois § 5006 (Who may hold capital) 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. 5006 (2026).
Text
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
DividendsCite This Page — Counsel Stack
Bluebook (online)
Illinois § 5006, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/205/5006.