Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 120 - CURRENCY EXCHANGE ACT
Section 120.220 - Conviction of Crime
Universal Citation: 38 IL Admin Code ยง 120.220
Current through Register Vol. 48, No. 12, March 22, 2024
If any stockholder, director, officer, owner or partner of a community or ambulatory currency exchange is convicted of a crime under any law for which the crime was punishable by imprisonment in excess of one year under the law under which he or she was convicted, the Secretary may order that he or she divest himself or herself of any interest that he or she may hold in any entity licensed by the Department.
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