FIN REG-AFFILIATES Senate SponsorsSen. Terry Link House Sponsors(Rep. Randall M. Hultgren) 1/11/2005SenateSession Sine Die 205 ILCS 5/84 newAmends the Illinois Banking Act. Adds provisions concerning investments and participation by affiliates of any bank or trust company acting in its fiduciary capacity. Provides that any bank or trust company may purchase services or products from an affiliate provided that the purchase is otherwise prudent and not prohibited by the instrument governing the fiduciary relationship. Provides that the compensation for the service or product may be in addition to the compensation which the bank, trust company, or its affiliate is otherwise entitled as a fiduciary. Provides that the bank or trust company must disclose, in a specified manner, any purchase authorized by the new provisions. Applies to any bank or trust company doing banking or trust business in this State including any national bank, national trust company, or any of its affiliates. Effective January 1, 2005. 2/4/2004SenateFiled with Secretary by Sen. Terry Link 2/4/2004SenateFirst Reading 2/4/2004SenateReferred to Rules 2/18/2004SenateAssigned to Financial Institutions 2/26/2004SenateDo Pass Financial Institutions; 009-000-000 2/26/2004SenatePlaced on Calendar Order of 2nd Reading March 2, 2004 2/26/2004SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link 2/26/2004SenateSenate Floor Amendment No. 1 Referred to Rules 3/24/2004SenateSecond Reading 3/24/2004SenatePlaced on Calendar Order of 3rd Reading March 25, 2004 3/25/2004SenateThird Reading - Passed; 056-000-000 3/25/2004SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 3/26/2004HouseArrived in House 3/26/2004HousePlaced on Calendar Order of First Reading 3/26/2004HouseChief House Sponsor Rep. Randall M. Hultgren 3/26/2004HouseFirst Reading 3/26/2004HouseReferred to Rules Committee 1/11/2005SenateSession Sine Die