(205 ILCS 205/11008) (from Ch. 17, par. 7311-8)
Sec. 11008.
Unauthorized participation by convicted individual.
(a) Except with the prior written consent of the Commissioner,
no person who has been convicted of any criminal offense involving
dishonesty or a breach of trust may own or control directly or indirectly
more than 0.001% of the capital stock of, receive benefit directly or
indirectly from, or participate directly or indirectly
in any manner in the affairs of a savings bank.
(b) A savings bank may not permit participation by a person
described in subsection (a).
(c) Whoever knowingly violates subsection (a) or (b) is guilty of a Class 3
felony and may be fined not more than $10,000 for each day of violation.
(Source: P.A. 91-97, eff. 7-9-99; 92-483, eff. 8-23-01.)
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(205 ILCS 205/11009) (from Ch. 17, par. 7311-9)
Sec. 11009.
Perjury; false statements.
(a) Any person who knowingly makes, causes, or
allows someone else to make or cause to be made, a false
statement, either under oath as required by this Act or on any
report or statement required to be made to or by the Commissioner,
shall be subject to the provisions of Section 11006.
(b) Where financial loss to a savings bank is caused by those
statements, the penalties shall be commensurate with that loss.
(Source: P.A. 86-1213.)
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