Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 1075 - SAVINGS BANK ACT
Subpart J - SAVINGS BANK HOLDING COMPANIES
Section 1075.1265 - Determination of the Qualification and Condition of an Out-of-State Acquisition
Universal Citation: 38 IL Admin Code ยง 1075.1265
Current through Register Vol. 48, No. 38, September 20, 2024
When requested, the Director shall review the laws of any state to determine whether the laws of that state expressly authorize an Illinois savings bank holding company to acquire a savings bank or savings bank holding company in that state. The Director shall issue a finding that such other state law either does or does not provide qualifications and conditions that are unduly restrictive for the acquisition when compared to those imposed by the laws of Illinois.
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