Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE38. FINANCIAL INSTITUTIONS |
PART1075. SAVINGS BANK ACT |
SUBPARTO. CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK |
§1075.1915. Employee Stock Benefit Plan – Contributions
Latest version.
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Scheduled discretionary contributions to an employee stock benefit plan may be made if the contributions do not cause the savings bank to fail to meet capital requirements established by the Director or by federal law.
(Source: Amended at 30 Ill. Reg. 19068, effective December 1, 2006)