91st General Assembly
Summary of HB2204
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Short description: 
BANKING ON ILLINOIS ACT                                                    

Synopsis of Bill as introduced:
        Creates  the  Banking  on  Illinois  Act.   Declares  that   laws      
   regulating   banks  in  Illinois  should  be  liberally  construed  to      
   encourage the chartering and operating of financial institutions  that      
   locate  and  maintain their main banking premises in Illinois.  Amends      
   the Illinois Banking  Act  to  provide  that  the  provisions  of  the      
   Illinois  Business  Corporation  Act  of  1983  may be relied upon for      
   guidance in matters of corporate  governance  not  controlled  by  the      
   Illinois  Banking  Act.   Provides  that  banks  may offer any product      
   offered by an out-of-state bank.  Provides that the  establishment  of      
   account  service  charges is a business decision to be made by a bank.      
   Provides that financial statements  customers  provide  to  banks  are      
   confidential.  Effective immediately.                                       
          FISCAL NOTE (Department of Financial Institutions)                   
          There would be no fiscal impact on the Department.                   
Last action on Bill: PUBLIC ACT.............................. 91-0330

   Last action date: 99-07-29

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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