(205 ILCS 205/11004) (from Ch. 17, par. 7311-4)
Sec. 11004.
Industrywide prohibition.
(a) Except as provided in regulations of the Commissioner, any person
who has been removed or suspended from office in a savings bank operating
under this Act or prohibited from participating in the
affairs of a savings bank operating under this Act may not, while an order
is in effect, continue or begin to hold any office in, or participate in
any manner in the affairs of any savings bank regulated by
the State of Illinois, another insured depository institution regulated by
the State of Illinois, or any other financial services entity regulated by
the State of Illinois.
(b) Any violation of subsection (a) by any person who is
subject to an order described in that subsection shall be treated
as violation of the order.
(Source: P.A. 92-483, eff. 8-23-01.)
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