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IL SB2822
Bill
AI Summary
- Amends the Savings Bank Act Section 2002 concerning registration requirements for savings bank holding companies and their subsidiaries
- Requires savings bank holding companies and subsidiaries to register with the Commissioner within 180 days after the effective date of the Act or within 90 days after becoming a savings bank holding company, whichever is later
- Registration forms prescribed by the Commissioner must include information on financial conditions, ownership, management, intercompany relations, and other related matters deemed necessary by the Commissioner
- Makes a technical change to the statutory language regarding registration obligations
Legislative Description
REGULATION-TECH
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments2/4/2020
Full Bill Text
No bill text available