205 ILCS 205/11008

Current through Public Act 103-1056
Section 205 ILCS 205/11008 - Unauthorized participation by convicted individual
(a) Except with the prior written consent of the Commissioner, no person who has been convicted of any criminal offense involving dishonesty or a breach of trust may own or control directly or indirectly more than 0.001% of the capital stock of, receive benefit directly or indirectly from, or participate directly or indirectly in any manner in the affairs of a savings bank.
(b) A savings bank may not permit participation by a person described in subsection (a).
(c) Whoever knowingly violates subsection (a) or (b) is guilty of a Class 3 felony and may be fined not more than $10,000 for each day of violation.

205 ILCS 205/11008

P.A. 91-97, eff. 7/9/1999.