Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 10

Sec. 3.07. Except as authorized under Section 3.

84 words·~1 min read·/il/chapter-205/act-10/3-07

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 3.07. Except as authorized under Section 3.061 of this Act, no bank holding company other than an Illinois bank holding company, may control any Illinois bank or own more than 5% of the voting shares of any Illinois bank, unless:

(a)such bank holding company acquired such control or voting shares under circumstances described in (A), (B), (C),

(D)or

(E)of subsection

(h)of Section 2 of this Act; or

(b)such bank holding company qualifies under the provisions of Section 3.071.