Ill. Admin. Code tit. 38 § 397.30

Current through Register Vol. 48, No. 50, December 13, 2024

Section 397.30 - Quarterly Fee to Fund the Account

a) Each corporate fiduciary will be assessed a quarterly fee of $200 until the balance of the account reaches the maximum amount established by Section 5-10 of the Act.

b) Each Illinois trust company will be assessed an additional quarterly fee until the balance of the account reaches the maximum amount established by Section 5-10 of the Act. The additional quarterly fee will be based on the following formula:

Additional quarterly fee to be paid by each Illinois trust company	=	(4,000,000 - 8,000A)	x	B
		(40)		C

Ill. Admin. Code tit. 38, § 397.30

Amended at 26 Ill. Reg. 1677, effective January 23, 2002