Sec. 40. Prohibited activities.
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/il/chapter-205/act-5/40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 40. Prohibited activities. The Commissioner, deputy commissioners, and employees of the Office of Banks and Real Estate shall be subject to the restrictions provided in Section 2.5 of the Division of Banking Act including, without limitation, the restrictions on
(i)owning shares of stock or holding any other equity interest in an entity regulated under this Act or in any corporation or company that owns or controls an entity regulated under this Act;
(ii)being an officer, director, employee, or agent of an entity regulated under this Act; and
(iii)obtaining a loan or accepting a gratuity from an entity regulated under this Act.