(205 ILCS 305/5)
(from Ch. 17, par. 4406)
Place of business.
(1) A credit union may change its principal
place of business within this State upon 45 days prior written notice
Department, provided that a
credit union with a neighborhood or community common bond may not relocate its
principal place of business outside of its neighborhood or community.
(2) A credit union may share office space with one or more credit unions
and contract with any person, firm or corporation, including another credit
union, to provide facilities or personnel.
(Source: P.A. 81-329; 91-131, eff. 7-16-99.)