215 ILCS 5/179e-45

Current through Public Act 103-593
Section 215 ILCS 5/179e-45 - Capitalization

An SPRV must have minimum initial capital of not less than $5,000. All of the initial capital must be received by the SPRV in cash. The minimum initial capital required and all other funds of the SPRV in excess of its minimum initial capital, including funds held in trust to secure the obligations of the SPRV pursuant to its obligations under the SPRV contracts, shall be invested as provided in Section 179E-85.

215 ILCS 5/179e-45

P.A. 92-124, eff. 7/20/2001.