Illinois Compiled Statutes 205 Financial Regulation: Article 10 - Involuntary Liquidation

• Illinois Savings Bank Act. - 205 ILCS 205, Section 10001
  (Repealed). (Source: P.A. 92-483, eff. 8-23-01. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10002
  (Repealed). (Source: P.A. 90-301, eff. 8-1-97. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10003
  (Repealed). (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10004
  (Repealed). (Source: P.A. 90-301, eff. 8-1-97. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10005
  (Repealed). (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10006
  (Repealed). (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10007
  (Repealed). (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10008
  (Repealed). (Source: P.A. 86-1213. Repealed by P.A. 96-1365, eff. 7-28-10.)
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10011
  Appointment of a receiver following taking of custody. If, following the taking of custody of a savings bank, the Secretary determines that the appointment of...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10015
  Secretary's proceedings exclusive. Except by the authority of the Secretary, represented by the Attorney General, or the Federal Deposit Insurance Corporation pursuant to the Federal...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10020
  Capital impairment; correction. (a) If the Secretary, with respect to a savings bank, shall find: (1) its capital is impaired or it is otherwise in...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10025
  Capital impairment; emergency. If, in addition to a finding as provided in Section 10020 of this Act, the Secretary is of the opinion and finds...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10030
  Secretary's possession; power. The Secretary may take possession and control of a savings bank and its assets by posting upon the premises a notice reciting...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10035
  Secretary's possession; limitation of actions. Except when the Federal Deposit Insurance Corporation has taken possession of the savings bank or is acting as receiver, if...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10040
  Reorganization. The Secretary, while in possession and control of a savings bank and its assets, after according a hearing to interested parties as he or...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10045
  Requirements of reorganization plan. A plan of reorganization for a savings bank shall not be proposed under this Act unless all of the following are...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10050
  Reorganization; emergency. Whenever, in the course of reorganization, supervening conditions render the plan of reorganization unfair or its execution impractical, the Secretary may modify the...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10055
  Appointment of receiver; court proceeding. (a) If the Secretary determines, which determination may be made at the time of or any time subsequent to his...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10060
  Notice of receivership. Upon appointing a receiver, other than the Federal Deposit Insurance Corporation, and upon the filing of a complaint for the dissolution or...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10065
  Receiver's powers; duties. Other than the Federal Deposit Insurance Corporation, which shall derive its powers and perform its duties pursuant to the Federal Deposit Insurance...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10070
  Receiver's powers; court directions. Upon the order of the court wherein the Secretary's complaint for the dissolution or winding up of the affairs of the...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10075
  Change of receiver. At any time after a receiver, other than the Federal Deposit Insurance Corporation, is appointed by the Secretary, whenever two-thirds of the...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10080
  Insured deposits; subrogation. The right of an agency of the United States insuring deposits to be subrogated to the rights of depositors upon payment of...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10085
  Expenses and fees. All expenses of a receivership, including reasonable receiver's and attorney's fees approved by the Secretary shall be paid out of the assets...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10090
  Dividends; dissolution. From time to time during a receivership other than a receivership conducted by the Federal Deposit Insurance Corporation, the Secretary shall make and...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10095
  Validation of dividends; destruction of records. In all cases where the Secretary, prior to this Section taking effect, has made ratable dividends of money on...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 10100
  Judicial review. Whenever the Secretary shall have taken possession and control of a savings bank and its assets for the purpose of examination, reorganization, or...

Last modified: February 18, 2015