{"data":{"id":"us-il/205-ilcs-620-2a-3","jurisdiction":"us-il","citation":"205 ILCS 620/2A-3","heading":"Certificate of authority.","body":"(a) It shall be lawful for any person to engage in the activity of a special purpose trust company after the effective date of this amendatory Act of the 104th General Assembly upon filing an application for and procuring from the Secretary a certificate of authority stating that the person has complied with the requirements of this Act and is qualified to engage in the activity of a special purpose trust company.\n(b) No natural person or natural persons, firm, partnership, or corporation not having been authorized under this Act shall transact in the activity of a special purpose trust company. A person who violates this Section is guilty of a Class A misdemeanor and the Attorney General or State's Attorney of the county in which the violation occurs may restrain the violation by a complaint for injunctive relief.\n(c) Any entity that holds a certificate of authority under Article II of this Act may engage in the activity of a special purpose trust company without applying for or receiving a certificate of authority under this Article IIA.\n(d) Nothing in this Section shall limit the authority of a depository institution to provide nonfiduciary custodial services consistent with its charter in accordance with applicable law and subject to any limitations and restrictions imposed by its chartering authority.","path":["CHAPTER 205 FINANCIAL REGULATION","Corporate Fiduciary Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1193\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"b0de1352fe83261ea026d6430da04620e1904bf18fde55c8396c214eb16fb436","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-620-2a-2","next":"us-il/205-ilcs-620-2a-4"},"notice":"GroundRules: Original legal text. Not legal advice."}