(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.
205 ILCS 205/3001
Application for permit to organize
P.A. 97-492, eff. 1-1-12.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.