Illinois General Assembly - Bill Status for SB3119

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Bill Status of SB3119 102nd General Assembly

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Short Description: FIN-CREDIT UNION BANK PURCHASE

Senate Sponsors
Sen. Brian W. Stewart

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 305/12.5 new

Synopsis As Introduced
Amends the Illinois Credit Union Act. Provides that an acquiring credit union shall be liable for a fee equal to 10% of the book value of the assets or liabilities, whichever is greater, of a bank that has been purchased by the credit union. Provides that the provision applies to all banks, savings banks, savings and loan associations, and credit unions chartered or holding a certificate of authority to do business under the laws of this State or any other state or under the laws of the United States. Defines "book value of the assets or liabilities of a bank".

Actions

Date	Chamber	Action
1/11/2022	Senate	Filed with Secretary by Sen. Brian W. Stewart
1/11/2022	Senate	First Reading
1/11/2022	Senate	Referred to Assignments
2/1/2022	Senate	Assigned to Financial Institutions
2/10/2022	Senate	Postponed - Financial Institutions
2/10/2022	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

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