Article

General Provisions

205 ILCS 205/1001— This Act may be cited as the Savings Bank Act
205 ILCS 205/1001.5— References to Office or Commissioner of Banks and Real Estate
205 ILCS 205/1002— Policy and purpose
205 ILCS 205/1003— Administration
205 ILCS 205/1004— Applicability
205 ILCS 205/1005— Insurance of accounts
205 ILCS 205/1006— Parity
205 ILCS 205/1006.05— Out-of-state savings banks establishing branches
205 ILCS 205/1006.10— Prohibition against establishment of offices or branches on or adjacent to the premises of certain affiliates
205 ILCS 205/1007— Definitions
205 ILCS 205/1007.05— "Affiliate" means any company that controls, is controlled by, or is under common control with a savings bank operating under this Act
205 ILCS 205/1007.10
205 ILCS 205/1007.15— "Bank" means a commercial bank chartered by the Comptroller of the Currency or by the Illinois Commissioner of Banks and Real Estate under the Illinois Banking Act
205 ILCS 205/1007.20— "Branch" or "branch office" includes any location established by a savings bank where deposits are received, loans are made, or checks are paid, but shall not include any place where only records thereof are made, posted, or kept
205 ILCS 205/1007.25— "Capital" includes net worth, paid-in-surplus, capital stock equity, undivided profits, and earnings, as further defined in Section 5002
205 ILCS 205/1007.30— "Commissioner" means the Secretary of Financial and Professional Regulation or a person authorized by the Secretary, the Division of Banking Act, or this Act to act in the Secretary's stead
205 ILCS 205/1007.35
205 ILCS 205/1007.40— "Default" and "in danger of default" shall have the respective meanings ascribed to these terms in the Illinois Banking Act
205 ILCS 205/1007.45— "Deposit insurance corporation" means the Federal Deposit Insurance Corporation or other instrumentality of or corporation chartered by the United States that is supported by the "Full faith and credit of the United States government" as stated in a congressional resolution
205 ILCS 205/1007.50— "Depository institution", as used in this Act, shall mean an insured depository institution as defined by Section 3(c)(2) of the Federal Deposit Insurance Act (12 U.S.C
205 ILCS 205/1007.55— "Director" means any director, trustee, or other person performing similar functions with respect to any organization whether incorporated or unincorporated
205 ILCS 205/1007.57— Division
205 ILCS 205/1007.60— "Eligible insured bank" means an insured bank, having its main banking premises in Illinois, that is in default or in danger of default as those terms are defined in this Act
205 ILCS 205/1007.65— "Fiduciary" means a trustee, executor, administrator, guardian, agent, receiver, trustee in bankruptcy, assignee for creditors, or any holder of a similar position of trust
205 ILCS 205/1007.70— (Repealed)
205 ILCS 205/1007.75— "Insured savings bank" means a savings bank the accounts of which are insured wholly or in part by a deposit insurance corporation
205 ILCS 205/1007.80— "Investment" means loans, both residential and commercial, as well as purchases of corporate debentures, securities, bonds, joint venture shares, and purchases of mutual fund shares subject to regulation of the Commissioner
205 ILCS 205/1007.85
205 ILCS 205/1007.90— "Person" means an individual, corporation, limited liability company, partnership, joint venture, trust, estate, or unincorporated association
205 ILCS 205/1007.95
205 ILCS 205/1007.100— (Repealed)
205 ILCS 205/1007.105— "Service corporation" means any corporation or limited liability company that is 51% or more owned by one or more savings banks, or by savings banks and other depository institutions, whose purposes are reasonably incident to the accomplishment of the powers conferred upon savings banks by this Act
205 ILCS 205/1007.110— "Value" means the present worth of all rights to future benefits arising from ownership
205 ILCS 205/1007.115— Federal association
205 ILCS 205/1007.120— Affiliate facility
205 ILCS 205/1007.125— "Bylaws" means the bylaws of a savings bank that are adopted by the savings bank's board of directors or shareholders for the regulation and management of the savings bank's affairs
205 ILCS 205/1007.130— Out-of-state savings bank
205 ILCS 205/1007.135— Secretary of the Department of Financial and Professional Regulation
205 ILCS 205/1007.150— Applicability of other Acts
205 ILCS 205/1008— General corporate powers
205 ILCS 205/1008.05— Non-English language transactions
205 ILCS 205/1009— Status as IRS qualified thrift lender
205 ILCS 205/1010— (Repealed)