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91_HB3285
LRB9111080JScs
1 AN ACT to amend the Savings Bank Act by changing Sections
2 1007.90 and 1007.105.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Savings Bank Act is amended by changing
6 Sections 1007.90 and 1007.105 as follows:
7 (205 ILCS 205/1007.90) (from Ch. 17, par. 7301-7.90)
8 Sec. 1007.90. "Person" means an individual, corporation,
9 limited liability company, partnership, joint venture, trust,
10 estate, or unincorporated association.
11 (Source: P.A. 86-1213.)
12 (205 ILCS 205/1007.105) (from Ch. 17, par. 7301-7.105)
13 Sec. 1007.105. "Service corporation" means any
14 corporation or limited liability company that is 51% or more
15 owned by one or more savings banks, or by savings banks and
16 other depository institutions, whose purposes are reasonably
17 incident to the accomplishment of the powers conferred upon
18 savings banks by this Act.
19 (Source: P.A. 91-97, eff. 7-9-99.)