Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE38. FINANCIAL INSTITUTIONS |
PART1075. SAVINGS BANK ACT |
SUBPARTK. CONVERSION OF AN EXISTING DEPOSITORY INSTITUTION INTO AN ILLINOIS SAVINGS BANK |
§1075.1430. Issuance of Certificate of Approval
Latest version.
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The Director, upon approving a conversion plan, shall issue a certificate of approval of the conversion plan which shall authorize the applicant to proceed with its conversion plan. The Director may add such conditions to the certificate of approval as he or she considers necessary.
(Source: Amended at 30 Ill. Reg. 19068, effective December 1, 2006)