Sec. 5. Place of business.
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/il/chapter-205/act-305/5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5. Place of business.
(1)A credit union may change its principal place of business within this State upon 45 days prior written notice to the Department, provided that a credit union with a neighborhood or community common bond may not relocate its principal place of business outside of its neighborhood or community.
(2)A credit union may share office space with one or more credit unions and contract with any person, firm or corporation, including another credit union, to provide facilities or personnel.