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Article

Holding Companies

  • 205 ILCS 205/2001— Unless the context otherwise requires, as used in this Article, the terms defined in the Sections following this Section and preceding Section 2002 shall have the meanings therein given
  • 205 ILCS 205/2001.05
  • 205 ILCS 205/2001.10— An "Illinois savings bank holding company" means a savings bank holding company whose principal place of business is in Illinois and that is not controlled, directly or indirectly, by another savings bank holding company whose principal place of business is outside Illinois
  • 205 ILCS 205/2001.15
  • 205 ILCS 205/2001.20— "Geographic Area" means those states in which a savings bank holding company is permitted to acquire an Illinois savings bank or an Illinois savings bank holding company
  • 205 ILCS 205/2001.25— "Principal place of business" of a savings bank holding company means the state in which the total deposits of all offices of all subsidiaries are the largest as shown by the most recent reports of condition filed with state or federal regulatory authorities
  • 205 ILCS 205/2001.30— "Subsidiary of an individual or company" is any company that is controlled by a person or by a company that is a subsidiary of a person by virtue of this Article
  • 205 ILCS 205/2001.35— (a) "Control" shall mean either ownership of stock, or the power to vote and dispose of stock in a manner that directly or indirectly causes changes in savings bank management, ownership, structure, or policies
  • 205 ILCS 205/2001.40— Company
  • 205 ILCS 205/2002— Each savings bank holding company and each subsidiary thereof shall register with the Commissioner within 180 days after the effective date of this Act or within 90 days after becoming a savings bank holding company, whichever is later
  • 205 ILCS 205/2003— With respect to each savings bank holding company and each subsidiary thereof the following shall apply: (1) Each savings bank holding company and each subsidiary thereof shall file with the Commissioner reports as required by the Commissioner
  • 205 ILCS 205/2004— Subject to the regulation of the Commissioner, a savings bank holding company may acquire control of a subsidiary savings bank or any holding company upon application to and with the prior written approval of the Commissioner
  • 205 ILCS 205/2005
  • 205 ILCS 205/2006
  • 205 ILCS 205/2007