Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 310 - MINIMUM ORGANIZATIONAL CAPITAL REQUIREMENTS FOR BANKS AND TRUST COMPANIES
Subpart C - TRUST COMPANIES
Section 310.300 - Minimum Organizational Capital Requirements for Trust Companies
Universal Citation: 38 IL Admin Code ยง 310.300
Current through Register Vol. 48, No. 12, March 22, 2024
The minimum organizational capital requirement that must be met by an applicant for a certificate of authority under the Corporate Fiduciary Act to become an Illinois trust company is $3,000,000. The minimum organizational capital requirement prescribed in this subsection shall be in addition to and separate from the amount pledged or surety bond held pursuant to Section 6-13.5 of the Corporate Fiduciary Act.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
