TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 375 CALCULATION, ASSESSMENT AND COLLECTION OF PERIODIC FEES
SECTION 375.60 CREDITS AND ADDITIONAL ASSESSMENTS NOT APPLICABLE TO RESULTING NATIONAL BANKS


 

Section 375.60  Credits and Additional Assessments Not Applicable to Resulting National Banks

 

A financial institution other than a state bank that results from a conversion by, or merger with, a state bank shall not be eligible for any credit and shall not be liable for any additional assessments described in Section 48(3)(d-1) of the Act [205 ILCS 5/48(3)(d-1)].

 

(Source:  Amended at 24 Ill. Reg. 225, effective December 31, 1999)