Section 1075.1870  Liquidation Account – Establishment and Maintenance Required

A converting savings bank shall establish and maintain a liquidation account for the benefit of eligible account holders and supplemental eligible account holders in the event of a subsequent complete liquidation of the converted savings bank, in accordance with Sections 1075.1940 through 1075.1960.

(Source:  Added at 17 Ill. Reg. 8894, effective June 7, 1993)