(205 ILCS 205/2004) (from Ch. 17, par. 7302-4)
Sec. 2004.
Subject to the regulation of the Commissioner, a savings
bank holding company may acquire control of a subsidiary savings
bank or any holding company upon application to and with the prior
written approval of the Commissioner. The application shall be in
the form prescribed by the Commissioner and contain
information as will enable the Commissioner to determine whether
the acquisition is consistent with the interest of maintaining a
sound financial system and whether the proposed acquisition
does not afford a basis for supervisory objection.
(Source: P.A. 86-1213.)
|