Sec. 5006. Who may hold capital.
66 words·~1 min read·
/il/chapter-205/act-205/5006·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5006. Who may hold capital. Capital stock of a savings bank may be held:
(1)By any individual in his own right, regardless of age or marital status, or by 2 or
more individuals.
(2)By a fiduciary when authorized by law.
(3)By a government or governmental instrumentality when authorized by law.
(4)By any corporation or other person when not prohibited by law.