Illinois Compiled Statutes 205 ILCS 710 Banking on Illinois Act. Section 15

    (205 ILCS 710/15)

    Sec. 15. Application of Illinois law.

    (a) To further the purpose and policies of this Act, the provisions of the following Acts shall be liberally construed:

        (1) the Illinois Banking Act; and

        (2) the Foreign Banking Office Act.

    (b) Subsection (a) of this Section shall not be applied in a manner that will adversely affect the safety and soundness of a bank.

(Source: P.A. 91-330, eff. 7-29-99.)

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Last modified: February 18, 2015