Upon the issuance of a certificate of authority by the Commissioner, the foreign banking corporation may, subject to this Act, establish and maintain a banking office and may conduct thereat a general banking business. A certificate of authority issued under this Act authorizing a foreign banking corporation to transact business at the banking office designated shall remain in effect until surrendered or revoked.
205 ILCS 645/6
Establishment and maintenance of banking office
Known as the Foreign Banking Office Act
The act spans §§ 205-645-1 to 205-645-9 (30 sections).
P.A. 89-208, eff. 6-1-97; 89-508, eff. 7-3-96.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.