TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 1075 SAVINGS BANK ACT
SECTION 1075.1865 SAVINGS ACCOUNT HOLDER TO RECEIVE WITHDRAWABLE SAVINGS ACCOUNTS – AMOUNT


 

Section 1075.1865  Savings Account Holder to Receive Withdrawable Savings Accounts – Amount

 

Each deposit account holder of the converting savings bank shall receive, without payment, a deposit account or accounts in the converted savings bank equal in amount, rate of return and general terms, to the withdrawable account holder's deposit account or accounts in the pre-conversion mutual savings bank.

 

(Source:  Amended at 30 Ill. Reg. 19068, effective December 1, 2006)