CHAPTER VII: STATE BANKING BOARD OF ILLINOIS
PART 900 HEARINGS FOR REMOVAL OR PROHIBITION OF DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS OF A STATE BANK OR A BRANCH OF AN OUT-OF-STATE BANK, SUBSIDIARY OR HOLDING COMPANY OF A STATE BANK OR A BRANCH OF AN OUT-OF-STATE BANK, OR CORPORATE FIDUCIARY, SUBSIDIARY OR PARENT COMPANY OF A CORPORATE FIDUCIARY
SECTION 900.120 INTERVENTION
Section 900.120 Intervention
a) Upon application by the State bank, branch of the out-of-state bank, or corporate fiduciary, or the subsidiary, parent company, or holding company of such State bank, branch of out-of-state bank, or corporate fiduciary, affected by an Order, the Board or its duly appointed hearing officer shall, by written Ruling, permit such bank or corporate fiduciary, or subsidiary, parent company, or holding company of such bank or corporate fiduciary, to intervene in a hearing proceeding, if:
1) the Board or its duly appointed hearing officer finds that the representation of the bank's or corporate fiduciary's interest, or the interest of the subsidiary, parent company, or holding company of such bank or corporate fiduciary's interest, is or may be inadequate; and
2) the intervention would not delay the proceeding or prejudice the parties.
b) All Petitions for Intervention shall be in writing and shall be served upon every party and the Board or its duly appointed hearing officer not later than 10 days prior to the date of the hearing.
(Source: Amended at 28 Ill. Reg. 2670, effective January 30, 2004)