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205 ILCS 5/7

Organization capital requirements

Known as the Illinois Banking Act

The act spans §§ 205–205 (121 sections).

P.A. 92-483, eff. 8-23-01.

A bank may be organized to exercise the powers conferred by this Act with minimum capital and surplus as determined by the Commissioner.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.