Illinois · Through at least Public Act 104-790

205 ILCS 205/3001: Application for permit to organize.

Where this section sits in the code

CHAPTER 205 FINANCIAL REGULATION
Savings Bank Act.

(a) Not fewer than 5 nor more than 20 persons may organize a savings bank under this Act.

(b) The Secretary shall determine the minimum required capital which shall be at least the minimum required to obtain insurance of accounts as required by this Act and shall include additional amounts as the Secretary may find necessary.

Collected 2026-09-15T04:46:29Z. Source file · JSON

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