Illinois General Assembly - Bill Status for SB2709
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 Bill Status of SB2709  93rd General Assembly


Short Description:  FIN REG-ACQUIRE IL BANK 5 YRS

Senate Sponsors
Sen. Kimberly A. Lightford

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/21.2 rep.
205 ILCS 10/3.071from Ch. 17, par. 2510.01


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/4/2004SenateFiled with Secretary by Sen. Kimberly A. Lightford
  2/4/2004SenateFirst Reading
  2/4/2004SenateReferred to Rules
  1/11/2005SenateSession Sine Die

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