Illinois Compiled Statutes 205 ILCS 650 Foreign Bank Representative Office Act. Section 6

    (205 ILCS 650/6) (from Ch. 17, par. 2856)

    Sec. 6. Revocation of license. If the Commissioner finds:

        (a) the licensee or its representative has violated

    any provision of this Act or other law, rule, or regulation of this State; or

        (b) any fact or condition exists which, if it had

    existed at the time of the original application for such license, would have resulted in the Commissioner refusing to issue such license; then the Commissioner, after granting the licensee or representative a reasonable opportunity to be heard, may revoke such license.

(Source: P.A. 92-483, eff. 8-23-01.)

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Last modified: February 18, 2015