{"data":{"id":"us-il/205-ilcs-205-1009","jurisdiction":"us-il","citation":"205 ILCS 205/1009","heading":"Status as IRS qualified thrift lender.","body":"All savings banks operating under this Act must qualify for either the 60% asset test of Section 7701 (a)(19) of the Internal Revenue Code of 1986 and any amendments thereto or an asset test as prescribed by regulations of the Commissioner.","path":["CHAPTER 205 FINANCIAL REGULATION","Savings Bank Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1184\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"c7a1fed37db3117ea973a7793817fafeb985d705c6ba4a4aa8d6c9c9ca3a0bff","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-205-1008.05","next":"us-il/205-ilcs-205-1010"},"notice":"GroundRules: Original legal text. Not legal advice."}