(b) For the purpose of this Section 11.31, "mid-tier bank holding company"
means a corporation (1) that owns 100% of the issued and outstanding shares of
each class of stock of a State bank, (2) that has no other subsidiaries, and
(3) of which 100% of the issued and outstanding shares are owned by a
parent bank holding company.
(Source: P.A. 90-301, eff. 8-1-97.)