State of Illinois
91st General Assembly

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 1        AN ACT in relation to financial regulation.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.   The  Illinois  Banking  Act  is  amended  by
 5    changing Section 3 as follows:

 6        (205 ILCS 5/3) (from Ch. 17, par. 309)
 7        Sec.  3.  Formation  and  primary  powers. It is shall be
 8    lawful to form banks, as herein provided, for the purpose  of
 9    discount and deposit, buying and selling exchange and doing a
10    general  banking  business, excepting the issuing of bills to
11    circulate as money; and such banks shall have  the  power  to
12    loan  money  on  personal  and  real  estate security, and to
13    accept and execute trusts upon  obtaining  a  certificate  of
14    authority  pursuant  to  the  "Corporate  Fiduciary Act", and
15    shall be subject to all of the provisions of this Act.
16    (Source: P.A. 85-1402.)

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