MEYER. 20 ILCS 3205/5 from Ch. 17, par. 455 20 ILCS 3205/6 from Ch. 17, par. 456 205 ILCS 5/2 from Ch. 17, par. 302 205 ILCS 5/4.9 new 205 ILCS 5/5 from Ch. 17, par. 311 205 ILCS 5/5b from Ch. 17, par. 312.1 205 ILCS 5/7 from Ch. 17, par. 314 205 ILCS 5/8 from Ch. 17, par. 315 205 ILCS 5/10 from Ch. 17, par. 317 205 ILCS 5/12 from Ch. 17, par. 319 205 ILCS 5/13 from Ch. 17, par. 320 205 ILCS 5/13.5 205 ILCS 5/14 from Ch. 17, par. 321 205 ILCS 5/15 from Ch. 17, par. 322 205 ILCS 5/16.1 from Ch. 17, par. 323.1 205 ILCS 5/17 from Ch. 17, par. 324 205 ILCS 5/18 from Ch. 17, par. 325 205 ILCS 5/21.2 205 ILCS 5/22 from Ch. 17, par. 329 205 ILCS 5/25 from Ch. 17, par. 332 205 ILCS 5/30.5 205 ILCS 5/31 from Ch. 17, par. 338 205 ILCS 5/33 from Ch. 17, par. 341 205 ILCS 5/37 from Ch. 17, par. 347 205 ILCS 5/47 from Ch. 17, par. 358 205 ILCS 5/48 from Ch. 17, par. 359 205 ILCS 5/48.5 205 ILCS 5/48.7 new 205 ILCS 5/49 from Ch. 17, par. 361 205 ILCS 5/51 from Ch. 17, par. 363 205 ILCS 5/53 from Ch. 17, par. 365 205 ILCS 10/3.074 from Ch. 17, par. 2510.04 205 ILCS 610/1 from Ch. 17, par. 1001 205 ILCS 610/2 from Ch. 17, par. 1002 205 ILCS 620/1-8 from Ch. 17, par. 1551-8 205 ILCS 620/3-1 from Ch. 17, par. 1553-1 205 ILCS 620/3-2 from Ch. 17, par. 1553-2 205 ILCS 620/4-3 from Ch. 17, par. 1554-3 205 ILCS 620/4-4 from Ch. 17, par. 1554-4 205 ILCS 620/4-5 from Ch. 17, par. 1554-5 205 ILCS 620/Art. IVA heading new 205 ILCS 620/4A-1 new 205 ILCS 620/4A-5 new 205 ILCS 620/4A-10 new 205 ILCS 620/4A-15 new 205 ILCS 620/4A-20 new 205 ILCS 620/4A-25 new 205 ILCS 620/5-3 from Ch. 17, par. 1555-3 205 ILCS 620/5-6 from Ch. 17, par. 1555-6 205 ILCS 620/6-2 from Ch. 17, par. 1556-2 205 ILCS 645/11 from Ch. 17, par. 2718 205 ILCS 645/12 from Ch. 17, par. 2719 205 ILCS 650/4 from Ch. 17, par. 2854 205 ILCS 650/6 from Ch. 17, par. 2856 205 ILCS 650/8 Amends various Acts relating to financial institutions. Amends the Office of Banks and Real Estate Act. Authorizes the Commissioner of Banks and Real Estate to impose conditions with respect to the issuance of charters, permits, and licenses. Permits the Commissioner to designate an employee to make findings and take actions on behalf of the Commissioner. Amends the Illinois Banking Act. Limits the power of the Commissioner of Banks and Real Estate to stop or limit payment with respect to qualified contracts of banks whose capital is impaired. Removes requirement that the Commissioner record a bank's organizational capital requirement with the Secretary of State. Removes requirement that incorporators subscribe to stock in the bank. Removes restriction on ownership of travel agencies by banks. Authorizes shareholders to remove directors without cause. Amends the Illinois Bank Holding Company Act of 1957. Provides that the Commissioner of Banks and Real Estate may order the removal of directors, officers, agents, and employees of bank holding companies for violating the law or safe banking practice. Amends the Banking Emergencies Act. Specifies computer failure as a cause of a banking emergency. Authorizes the Commissioner to proclaim that an emergency exists on a state-wide basis rather than only in a county or municipality. Amends the Corporate Fiduciary Act. Excludes from change of control provisions changes of control resulting from organizational restructuring under a holding company. Authorizes corporate fiduciaries to establish operations in other states and allows corporate fiduciaries organized in other states to establish operations in Illinois. Provides that foreign banking offices must keep on deposit at a depository approved by the Commissioner such amounts the Commissioner deems necessary for protection of depositors. Authorizes the Commissioner to transfer assets of a liquidated foreign banking office to liquidators in other jurisdictions if necessary to pay claims there. Amends the Foreign Bank Representative Office Act. Provides for fees to be established by rule. Authorizes the Commissioner of Banks and Real Estate to revoke licenses rather than certify findings to the State Banking Board for revocation of licenses. Authorizes the Commissioner to impose charges for examinations. Effective immediately. MAR-01-2001 H FILED WITH CLERK MAR-01-2001 H FIRST READING MAR-01-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES MAR-06-2001 H ASSIGNED TO COMMITTEE FIN INSTIT MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary