Illinois Compiled Statutes 205 Financial Regulation: Article 8 - Voluntary Corporate Changes
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8001
Amendment of articles and bylaws. A savings bank may amend its articles of incorporation or bylaws in accordance with the procedure set forth in...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8002
Procedure to amend articles. (a) The procedure to effect an amendment of articles of incorporation shall be as follows: (1) The board of directors shall...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8002.1
Procedure to amend articles of incorporation for name change. (a) Notwithstanding the requirements of Section 8002 of this Act, a savings bank, after commencing business,...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8003
Effect upon existing articles and bylaws. Any adopted or amended articles that contain provisions contrary to the savings bank's bylaws shall serve to repeal the...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8004
Merger; adoption of plan. (a) Any depository institution may merge into a savings bank operating under this Act, and a savings bank operating under this...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8005
Merger; vote of approval. If approved by the Secretary, the plan of merger shall be submitted to the stockholders of the savings bank or depository...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8006
Merger; Secretary's certificate. The executed merger agreement together with copies of the resolutions of the members or stockholders of each merging depository institution approving it,...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8007
Effect of merger. The continuing savings bank or resulting depository institution shall be considered the same business and corporate entity as each merging depository institution,...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8008
Merger; Secretary's expenses. The expenses of any examination made by or at the direction of the Secretary in connection with a proposed merger shall be...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8009
Sale of assets. Subject to regulations of the Secretary, a savings bank, in one transaction not in the usual course of business, may sell all...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8010
Procedure to effect sale of all assets. (a) The procedure to effect a sale authorized by Section 8009 of this Act shall be as follows:...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8011
Authority to form a bridge charter. (a) Any savings bank operating in Illinois under this Act may form a bridge, vehicle, or other interim...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8012
Conversion of an existing depository institution to a savings bank. (a) Except as provided in subsection (b), an existing depository institution may become an...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8013
Emergency merger. With the prior approval of the Secretary, which approval shall state that the proposed merger is in his opinion necessary for the protection...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8014
Emergency sale of assets. (a) With the approval in writing of the Secretary, which approval shall state that the proposed sale is, in his opinion,...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8015
Change in control. (a) No person, whether acting directly or indirectly or through or in concert with one or more persons, may acquire control of...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8016
Procedure for conversion from a savings bank charter. (a) Any savings bank operating under this Act may convert to any other depository institution chartered under...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8017
Guidelines for the processing of completed applications. (a) All procedures, notice, or transactions under Article VIII requiring approval of the Commissioner shall be governed...
- Illinois Savings Bank Act. - 205 ILCS 205, Section 8018
Waiver of requirements. Notwithstanding any provision of this Article, the requirements imposed by this Article on a savings bank that seeks to convert to, merge...
Last modified: February 18, 2015