Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 396 - CORPORATE FIDUCIARY APPLICATIONS AND NOTICES
Subpart B - CORPORATE FIDUCIARY SUBSIDIARIES
Section 396.110 - Purpose
Universal Citation: 38 IL Admin Code ยง 396.110
Current through Register Vol. 48, No. 12, March 22, 2024
A corporate fiduciary which proposes to establish a subsidiary, whether by incorporating the subsidiary or by acquiring the subsidiary, shall apply, on an application specified by the Commissioner, for approval from the Commissioner, not less than 90 days prior to commencing business by the subsidiary if newly incorporated, or prior to its acquisition if it is acquired.
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