Comments: IL SB2581 | 2009-2010 | 96th General Assembly
Bill Title: Amends various Acts to provide that references to the Commissioner of Banks and Real Estate now refer to the Secretary of Financial and Professional Regulation and that references to the Office of Banks and Real Estate are now references to the Division of Banking of the Department of Financial and Professional Regulation. Amends the Illinois Bank Examiners' Education Foundation Act. Provides that the purpose of the Illinois Bank Examiners' Education Foundation is to further continuing education for employees of the Division. Provides that references to "Board" in the Act refer to the State Banking Board of Illinois and that the Foundation shall be governed by the State Banking Board of Illinois (instead of the Board of Trustees). Changes provisions concerning liability. Amends the Illinois Banking Act. Changes provisions concerning the powers of the Secretary. Changes provisions concerning the membership composition and terms of office of members of the State Banking Board of Illinois. Changes provisions concerning the powers of the Board, including powers related to fund transfers, investment of funds, and continuing education programs. Amends the Illinois Bank Holding Company Act of 1957. Provides that the specified powers apply to the Secretary (instead of the Commissioner). In provisions concerning removal orders, deletes language referring to certain procedures in front of the Board. Amends the Corporate Fiduciary Act. Provides that provisions concerning removal orders apply to the Secretary (instead of the Commissioner). In provisions concerning removal orders, deletes language referring to certain procedures in front of the Board. Provides that language concerning all final administrative decisions apply to the Secretary (instead of the Commissioner or, under specified circumstances, the Board).
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2010-07-21 - Public Act . . . . . . . . . 96-1163 [SB2581 Detail]
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2010-07-21 - Public Act . . . . . . . . . 96-1163 [SB2581 Detail]
Text: Latest bill text (Enrolled) [HTML]
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