Illinois Compiled Statutes 205 Financial Regulation: Article 5 - Capital

• Illinois Savings Bank Act. - 205 ILCS 205, Section 5001
  Minimum Capital. (a) A saving bank may be organized to exercise the powers conferred by this Act with minimum capital, surplus, and reserves for...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5002
  Types of capital; personal property. (a) The capital of a stock savings bank shall be represented by capital stock and noncumulative perpetual preferred stock...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5003
  Capital stock; nature. Capital stock shall constitute a secondary reserve out of which losses shall be paid after all other available reserves have been...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5004
  Capital stock; authorization of issuance. A savings bank may provide for the issuance of capital stock, either by its original articles of incorporation or...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5005
  Retirement or reduction of capital stock. (a) The board of directors of a savings bank operating with capital stock may propose an amendment to...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 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...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5007
  Capital Maintenance. (a) Each savings bank shall maintain total capital of not less than 3% of total assets. This standard is the minimum acceptable...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5008
  Dividends. (a) Subject to the restrictions set forth in this Section and the savings bank's bylaws, the board of directors from time to time...
• Illinois Savings Bank Act. - 205 ILCS 205, Section 5009
  Loans or discounts on capital stock. A savings bank may not make a loan or discount on the security of or be the purchaser...

Last modified: February 18, 2015