Illinois Compiled Statutes 205 Financial Regulation: Article V - Supervision of Corporate Fiduciaries and Powers of the Commissioner

• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-1
  Commissioner's powers. The Commissioner of Banks and Real Estate shall have the following powers and authority and is charged with the duties and responsibilities designated...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-2
  Examinations of corporate fiduciaries. (a) The Commissioner, no less frequently than 18 months following the preceding examination, and whenever in his judgment it is...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-3
  Violations; orders. (a) Whenever it appears to the Commissioner from any examination, statement of condition or report, that any corporate fiduciary has committed any...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-4
  If the Commissioner has satisfactory evidence that any statement of condition or other report required or authorized by this Act, made by any officer...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-5
  A special meeting of the board of directors may be held upon call by the Commissioner or an examiner appointed under the provisions of...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-6
  Removal orders. Whenever, in the opinion of the Secretary, any director, officer, employee, or agent of a corporate fiduciary or subsidiary or corporate parent of...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-7
  Any person or corporate fiduciary affected by any action under this Act, other than under Section 5-6, may request a hearing before the Commissioner...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-8
  All final administrative decisions of the Secretary shall be subject to review pursuant to the provisions of the Administrative Review Law, as now or hereafter...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-9
  Statement of condition. (a) Each corporate fiduciary shall file with the Commissioner, when requested, a statement under oath, of the condition of such corporate fiduciary...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-10
  Fees; receivership account. (a) There shall be paid to the Commissioner by every corporate fiduciary including each trust company, bank, savings and loan association, and...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-10.5
  Disclosure of records. A corporate fiduciary may not disclose to any person, except to the customer or the customer's duly authorized agent, any records...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 5-11
  A corporate fiduciary shall be reimbursed for costs which are reasonably necessary and which have been directly incurred in searching for, reproducing or transporting...

Last modified: February 18, 2015