Bill Title: Amends the Illinois Banking Act. Provides that a State bank that has been in existence for 10 years or more and has less than $50,000,000 (rather than $20,000,000) in assets may have a minimum of 3 directors. Extends the exemptions from loan and investment limits described in specified provisions of this Act to any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned by the United States. Provides that the Secretary shall provide information relating to the prior fiscal year upon the request of the State Banking Board.
Spectrum: Bipartisan Bill
Status: (Failed) 2019-01-09 - Session Sine Die
[SB2885 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Engrossed | 2018-04-23 | HTML/Text | Link | View |
| Introduced | 2018-02-14 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB2885 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB2885 currently on file. |
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