Ill. Admin. Code tit. 38, § 375.50
Assessment of Accrued Fees Against a Converting or Merging State Bank
Effective Dec 31, 199924 Ill. Reg. 225AUTHORITY: Implementing Section 48(3) of the Illinois Banking Act [205 ILCS 5/48(3)], Section 17 of the Foreign Banking Office Act [205 ILCS 645/17], Sections 4 and 8 of the Foreign Bank Representative Office Act [205 ILCS 650/4 and 8], and Section 5-10 of the Corporate Fiduciary Act [205 ILCS 620/5-10] and authorized by Section 48(3) of the Illinois Banking Act [205 ILCS 5/48(3)], Section 17 of the Foreign Banking Office Act [205 ILCS 645/17], Sections 4 and 8 of the Foreign Bank Representative Office Act [205 ILCS 650/4 and 8], and Section 5-1 of the Corporate Fiduciary Act [205 ILCS 620/5-1].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
When a state bank converts to a national bank, merges into a resulting national bank, dissolves, surrenders its certificate of authority or in any other manner ceases to be a state bank, such state bank shall be liable on a pro rata basis to the Commissioner for any accumulated Call Report Fee and EDP fee up to, and including, the date that the state bank ceases to be a state bank.
(Source: Amended at 24 Ill. Reg. 225, effective December 31, 1999)