<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2709   </title>
<shortdesc>FIN REG-ACQUIRE IL BANK 5 YRS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Kimberly A. Lightford</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 5/21.2 rep.</reference><aliasreference></aliasreference><reference>205 ILCS 10/3.071</reference><aliasreference>from Ch. 17, par. 2510.01</aliasreference><SynopsisText>Amends the Illinois Banking Act and the Illinois Bank Holding Company Act. Eliminates provisions prohibiting an out of state bank or a national bank whose main banking premises is located outside Illinois from acquiring or merging with an Illinois bank that has existed and continually operated as a bank for 5 years or less. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2004</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Kimberly A. Lightford</action>
<statusdate>2/4/2004</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/4/2004</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>1/11/2005</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

