205 ILCS 205/ – Savings Bank Act | Midpage

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Illinois Compiled Statutes

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205 ILCS 205/

Savings Bank Act

10001205 Ilcs 205/10001 10002205 Ilcs 205/10002 10003205 Ilcs 205/10003 10004205 Ilcs 205/10004 10005205 Ilcs 205/10005 10006205 Ilcs 205/10006 10007205 Ilcs 205/10007 10008205 Ilcs 205/10008 1001.5References to Office or Commissioner of Banks and Real Estate 1001205 Ilcs 205/1001 10011Appointment of a receiver following taking of custody 10015Secretary's proceedings exclusive 1002Policy and purpose 10020Capital impairment; correction 10025Capital impairment; emergency 1003Administration 10030Secretary's possession; power 10035Secretary's possession; limitation of actions 1004Applicability 10040Reorganization 10045Requirements of reorganization plan 1005Insurance of accounts 10050Reorganization; emergency 10055Appointment of receiver; court proceeding 1006.05Out-of-state savings banks establishing branches 1006.10Prohibition against establishment of offices or branches on or adjacent to the premises of certain affiliates 1006Parity 10060Notice of receivership 10065Receiver's powers; duties 1007.05205 Ilcs 205/1007.05 1007.10205 Ilcs 205/1007.10 1007.100205 Ilcs 205/1007.100 1007.105205 Ilcs 205/1007.105 1007.110205 Ilcs 205/1007.110 1007.115Federal association 1007.120Affiliate facility 1007.125205 Ilcs 205/1007.125 1007.130Out-of-state savings bank 1007.135Secretary of the Department of Financial and Professional Regulation 1007.15205 Ilcs 205/1007.15 1007.150Applicability of other Acts 1007.20205 Ilcs 205/1007.20 1007.25205 Ilcs 205/1007.25 1007.30205 Ilcs 205/1007.30 1007.35205 Ilcs 205/1007.35 1007.40205 Ilcs 205/1007.40 1007.45205 Ilcs 205/1007.45 1007.50205 Ilcs 205/1007.50 1007.55205 Ilcs 205/1007.55 1007.57Division 1007.60205 Ilcs 205/1007.60 1007.65205 Ilcs 205/1007.65 1007.70205 Ilcs 205/1007.70 1007.75205 Ilcs 205/1007.75 1007.80205 Ilcs 205/1007.80 1007.85205 Ilcs 205/1007.85 1007.90205 Ilcs 205/1007.90 1007.95205 Ilcs 205/1007.95 1007Definitions 10070Receiver's powers; court directions 10075Change of receiver 1008.05Non-English language transactions 1008General corporate powers 10080Insured deposits; subrogation 10085Expenses and fees 1009Status as IRS qualified thrift lender 10090Dividends; dissolution 10095Validation of dividends; destruction of records 1010205 Ilcs 205/1010 10100Judicial review 11001205 Ilcs 205/11001 11002Cease and desist orders; books and records 11003Removal and prohibition authority 11004Industrywide prohibition 11005Institution affiliated party 11006Civil penalties 11007Effect of termination or resignation of an institution-affiliated party 11008Unauthorized participation by convicted individual 11009Perjury; false statements 11010Slander 11011205 Ilcs 205/11011 11012205 Ilcs 205/11012 12001Compliance review 12101Effect of repeal 12102Effect on special funds 12103Effect on foreign associations 12104205 Ilcs 205/12104 12105Applicability of other Acts 13001Effective Date 2001.05205 Ilcs 205/2001.05 2001.10205 Ilcs 205/2001.10 2001.15205 Ilcs 205/2001.15 2001.20205 Ilcs 205/2001.20 2001.25205 Ilcs 205/2001.25 2001.30205 Ilcs 205/2001.30 2001.35205 Ilcs 205/2001.35 2001.40Company 2001205 Ilcs 205/2001 2002205 Ilcs 205/2002 2003205 Ilcs 205/2003 2004205 Ilcs 205/2004 2005205 Ilcs 205/2005 2006205 Ilcs 205/2006 2007205 Ilcs 205/2007 3001Application for permit to organize 3002Contents of application for permit to organize 3003Contents of articles of incorporation 3004Contents of bylaws 3005Permit to organize 3006Temporary organization and capital subscriptions 3007Completion of organization 4001Members 4002Annual and special meetings 4003Notice of meetings 4004Quorum of annual or special meetings 4005Voting 4006Record date for voting, dividend, and other purposes 4007Proxies 4008Directors 4009Bonds of officers and directors 4010Conduct of directors and officers 4011Right to dissent 4012Procedure to dissent 4013205 Ilcs 205/4013 4014Waiver of notice 5001Minimum capital 5002Types of capital; personal property 5003Capital stock; nature 5004Capital stock; authorization of issuance 5005Retirement or reduction of capital stock 5006Who may hold capital 5007Capital Maintenance 5008Dividends 5009Loans or discounts on capital stock 6001General provisions 6002Investment in loans 6003Other investments 6004Calculation of interest; postpayments and prepayments 6005General loan contract provisions 6006Modification agreements 6007Sale, assignment, and servicing of loans and contracts 6008Purchase of real estate at forced sale 6009Purchase of real estate for office and rental purposes 6010Prohibited loans 6011Effect of unauthorized investments 6012Acknowledgments 6013Loans to one borrower 6014Commissioner's regulations 7001Definitions 7002Deposit accounts 7003Deposit accounts subject to liens 7004Payment of interest 7005Holders of deposit accounts 7006Prohibited activities 7007Enforcement of child support 7008Savings promotion raffle 8001Amendment of articles and bylaws 8002.1Procedure to amend articles of incorporation for name change 8002Procedure to amend articles 8003Effect upon existing articles and bylaws 8004Merger; adoption of plan 8005Merger; vote of approval 8006Merger; Secretary's certificate 8007Effect of merger 8008Merger; Secretary's expenses 8009Sale of assets 8010Procedure to effect sale of all assets 8011Authority to form a bridge charter 8012Conversion of an existing depository institution to a savings bank 8013Emergency merger 8014Emergency sale of assets 8015Change in control 8016Procedure for conversion from a savings bank charter 8017Guidelines for the processing of completed applications 8018Waiver of requirements 9001Personnel, records, files, actions, and duties 9002.1Savings Bank Regulatory Fund 9002.5Regulatory fees 9002Powers of Secretary 9003Prohibited activities 9004Examination 9005205 Ilcs 205/9005 9006Examiners 9007205 Ilcs 205/9007 9008Report of examination 9009Orders of the Commissioner 9010205 Ilcs 205/9010 9011Record keeping and retention of records by a savings bank 9012Disclosure of reports of examinations and confidential supervisory information; limitations 9013Examination of data processing centers 9014205 Ilcs 205/9014 9015Unsafe and unsound practices; orders of prohibition and removal 9016Cease and desist proceedings 9017205 Ilcs 205/9017 9018.1Hearing upon verified complaint 9018.2Record of proceedings; expenses 9018.3Subpoena; deposition 9018.4Review under Administrative Review Law 9018Administrative review 9019Reliance on the Commissioner