Ill. Admin. Code tit. 38 § 1075.1265

Current through Register Vol. 48, No. 50, December 13, 2024
Section 1075.1265 - Determination of the Qualification and Condition of an Out-of-State Acquisition

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.

Ill. Admin. Code tit. 38, § 1075.1265

Amended at 30 Ill. Reg. 19068, effective December 1, 2006