205 ILCS 710/1
Short title
Short title. This Act may be cited as the Banking on Illinois Act. (Source: P.A. 91-330, eff. 7-29-99.)
Illinois Compiled Statutes 205 ILCS 710 — Banking on Illinois Act.
Illinois · statute · 205 ILCS 710 · 6 active provisions
205 ILCS 710/5
Findings and declarations of policy
Findings and declarations of policy. The General Assembly hereby finds and declares: (1) that the economic strength and general welfare of Illinois depends on a strong, profitable, and competitive banking industry in this State that preserves and creates employment, increases credit availability, attracts capital, and…
205 ILCS 710/10
Purpose
Purpose. The purpose of this Act is to encourage and provide a favorable environment in Illinois for the chartering and operating of banks that locate and maintain main banking offices in this State. (Source: P.A. 91-330, eff. 7-29-99.)
205 ILCS 710/15
Application of Illinois law
Application of Illinois law. (a) To further the purpose and policies of this Act, the provisions of the following Acts shall be liberally construed: (1) the Illinois Banking Act; and (2) the Foreign Banking Office Act. (b) Subsection (a) of this Section shall not be applied in a manner that will adversely affect the sa…
205 ILCS 710/95
(Amendatory provisions; text omitted
(Amendatory provisions; text omitted.) (Source: P.A. 91-330, eff. 7-29-99; text omitted.)
205 ILCS 710/99
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 91-330, eff. 7-29-99.)