205 ILCS 10/3.07
Except as authorized under Section 3
Illinois · Illinois Compiled Statutes 205 ILCS 10 — Illinois Bank Holding Company Act of 1957. · Status: effective
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- 205 ILCS 10/3.07, Except as authorized under Section 3, Illinois, version 1 as recorded 2026-08-14, yourstate.us, https://yourstate.us/provision/1283271
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Except as authorized under Section 3.061 of this Act, no bank holding company other than an Illinois bank holding company, may control any Illinois bank or own more than 5% of the voting shares of any Illinois bank, unless:
(a) such bank holding company acquired such control or voting shares under circumstances described in (A), (B), (C), (D) or (E) of subsection (h) of Section 2 of this Act; or (b) such bank holding company qualifies under the provisions of Section 3.071. (Source: P.A. 84-1123.)