A State bank may be organized on application by 5 or more incorporators who shall be individuals except that a bank holding company may be the sole incorporator of a State bank.
205 ILCS 5/8
Incorporators
Known as the Illinois Banking Act
The act spans §§ 205-5-1 to 205-5-9-5 (121 sections).
P.A. 92-483, eff. 8-23-01.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.