(205 ILCS 205/7005) (from Ch. 17, par. 7307-5)
Sec. 7005. Holders of deposit accounts.
Deposit accounts of a savings bank may be held as follows:
(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; and
(4) by any corporation or other person when not
prohibited by law.
(Source: P.A. 86-1213.)
Sections: Previous 7001 7002 7003 7004 7005 7006 7007 Next
Last modified: February 18, 2015