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.
205 ILCS 205/5006
Who may hold capital
P.A. 86-1213.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.