TITLE 38: FINANCIAL INSTITUTIONS
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 900.240 BOARD'S DETERMINATION
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 900.240 BOARD'S DETERMINATION
Section 900.240 Board's Determination
a) If a hearing officer has been appointed, the Board shall review the record.
b) The Board shall issue a written determination which shall include the conclusions of law and the findings of fact upon which the determination is based. The determination shall be sent to all parties to the proceeding by certified mail, return receipt requested, within 60 days or as soon as reasonably practical after the conclusion of the hearing.
c) The Board's determination shall become effective on the date it is issued or as otherwise specified in such determination.
(Source: Amended at 28 Ill. Reg. 2670, effective January 30, 2004)