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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 5

Sec. 4. Effect on existing banks.

94 words·~1 min read·/il/chapter-205/act-5/4

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Sec. 4. Effect on existing banks. The certificates, permits and charters of state banks existing at the time of the adoption of this Act shall continue in full force and effect, and the provisions of this Act shall apply thereto. Any corporation with banking powers availing itself of or accepting the benefits of this Act and all corporations with banking powers existing by virtue of any special charter or general law of this State, shall be subject to the provisions and requirements of this Act in every particular, as if organized under this Act.
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