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91_HB2494
LRB9104654JSpr
1 AN ACT to amend the Illinois Banking Act by changing
2 Section 9.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Banking Act is amended by
6 changing Section 9 as follows:
7 (205 ILCS 5/9) (from Ch. 17, par. 316)
8 Sec. 9. Contents of application. The application for a
9 permit to organize shall be in a form prescribed specified by
10 the Commissioner and shall be filed with the Commissioner
11 signed by each of the applicants and shall be acknowledged
12 before some officer authorized by law to acknowledge deeds.
13 It shall state:
14 (1) The name, residence, business or occupation and
15 address of each applicant, and a statement of the proposed
16 management;
17 (2) The name for the proposed bank;
18 (3) The location of the proposed bank;
19 (4) The amount of capital and surplus for the proposed
20 bank;
21 (5) The number of shares of capital stock, the number of
22 shares and classes of preferred stock, if any, the par value
23 of the capital stock and preferred stock, and the amount for
24 which each share of capital stock and preferred stock is to
25 be sold;
26 (6) A statement of the financial worth of each of the
27 applicants;
28 (7) (Blank);
29 (8) Such other relevant information as the Commissioner
30 may require.
31 (Source: P.A. 90-301, eff. 8-1-97; 90-665, eff. 7-30-98.)