{"data":{"id":"us-il/205-ilcs-5-3","jurisdiction":"us-il","citation":"205 ILCS 5/3","heading":"Formation and primary powers.","body":"It shall be lawful to form banks, as herein provided, for the purpose of discount and deposit, buying and selling exchange and doing a general banking business, excepting the issuing of bills to circulate as money; and such banks shall have the power to loan money on personal and real estate security, and to accept and execute trusts upon obtaining a certificate of authority pursuant to the \"Corporate Fiduciary Act\", and shall be subject to all of the provisions of this Act. For purposes of this Section, \"real estate\" includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in Section 5-35 of the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act.","path":["CHAPTER 205 FINANCIAL REGULATION","Illinois Banking Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1178\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:28Z","sha256":"249b6f070a94c266af719203b10bf440db61a8757d050cf476e664e8b3ae7d77","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-5-2.6","next":"us-il/205-ilcs-5-4"},"notice":"GroundRules: Original legal text. Not legal advice."}