(205 ILCS 205/5006) (from Ch. 17, par. 7305-6)
Sec. 5006. Who may hold capital. Capital stock of a savings bank may be held:
(1) By any individual in his own right, regardless of
age or marital status, or by 2 or more individuals.
(2) By a fiduciary when authorized by law.
(3) By a government or governmental instrumentality
when authorized by law.
(4) By any corporation or other person when not
prohibited by law.
(Source: P.A. 86-1213.)
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Last modified: February 18, 2015