Ill. Admin. Code tit. 38 § 320.10
Current through Register Vol. 48, No. 50, December 13, 2024
The powers of a state bank in Illinois are established and governed by the provisions of the Illinois Banking Act (the "Act") [205 ILCS 5 ]. Section 3 of the Act authorizes the establishment of banks for the purpose of doing a general banking business. Section 5 of the Act further enumerates the corporate powers of a state bank. This Part establishes factors which may be relevant in determining whether an activity is within a state bank's power to do a general banking business or incidental and germane to its power to do a general banking business.
Ill. Admin. Code tit. 38, § 320.10