Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1075 - SAVINGS BANK ACT
Subpart F - SERVICE CORPORATION AND OPERATING SUBSIDIARIES
Section 1075.660 - Disclosure to Service Corporation
Universal Citation: 38 IL Admin Code ยง 1075.660
Current through Register Vol. 48, No. 38, September 20, 2024
a) Service corporations shall require as a condition of any contract, loan, joint venture agreement or partnership agreement, that the party entering into such relationship with the service corporation disclose the names and true identity:
1) in the case of trusts, owners of
beneficial interests of said trusts;
2) in the case of corporations, the names and
addresses of all shareholders owning 10 percent or more of the capital stock;
and
3) in the case of partnerships,
a list of names and addresses of all partners.
b) Such disclosure shall be certified by the respective trustee, secretary or general partner. This certification shall become a permanent part of the file of each such contract, loan, joint venture or partnership agreement.
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