Bill Text: IL HB4589 | 2017-2018 | 100th General Assembly | Chaptered
Bill Title: Amends the Savings Bank Act. Provides that a savings bank shall have its books, records, and accounts examined at least once every 18 months (rather than at least once in each year) in the same manner as a State Bank (rather than be audited by an independent licensed public accountant not connected with the savings bank). Removes requirements concerning an annual audit. Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2018-07-31 - Public Act . . . . . . . . . 100-0652 [HB4589 Detail]
Download: Illinois-2017-HB4589-Chaptered.html
| ||||
| Public Act 100-0652 | ||||
| ||||
| ||||
AN ACT concerning regulation.
| ||||
Be it enacted by the People of the State of Illinois,
| ||||
represented in the General Assembly:
| ||||
(205 ILCS 205/9014 rep.)
| ||||
Section 5. The Savings Bank Act is amended by repealing | ||||
Section 9014.
| ||||
