Bill Text: IL SB2233 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Banking Emergencies Act. Makes a technical change in a Section relating to notice to the Commissioner and the public.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-02-10 - Referred to Assignments [SB2233 Detail]
Download: Illinois-2023-SB2233-Introduced.html
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1 | AN ACT concerning regulation.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Banking Emergencies Act is amended by | |||||||||||||||||||
5 | changing Section 3 as follows:
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6 | (205 ILCS 610/3) (from Ch. 17, par. 1003)
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7 | Sec. 3. Notice
to Commissioner and the public.
A bank | |||||||||||||||||||
8 | closing an office or offices under Section 2 of this Act shall | |||||||||||||||||||
9 | give as prompt notice of its action as
conditions will permit | |||||||||||||||||||
10 | and and by any means available, to the Commissioner, or
in the | |||||||||||||||||||
11 | case of a national bank, to the Comptroller of the Currency. In
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12 | addition the bank shall post notice of the temporary closing | |||||||||||||||||||
13 | and the
authorization for the closing on the main entrance | |||||||||||||||||||
14 | doors of the office or offices
affected.
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15 | (Source: P.A. 102-553, eff. 1-1-22 .)
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