TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: OFFICE OF BANKS AND REAL ESTATE
PART 310 MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR BANKS AND TRUST COMPANIES
SECTION 310.320 EXCEPTIONS TO MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR TRUST COMPANIES


 

Section 310.320  Exceptions to Minimum Organizational Capital Requirements for Trust Companies

 

An Illinois trust company organized before January 1, 2003, when a lower capital requirement may have been in effect, may continue to operate under that lower capital requirement unless the Commissioner has increased the required capital for that trust company under Section 2-7 of the Corporate Fiduciary Act.