§315.420. Acceptance of Deposits

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In order to maintain parity, any financial institution, the deposits in which are insured by an agency or instrumentality of the federal government, may establish or own a terminal in this State that accepts deposits of funds to an account if the main office of such financial institution is located in a state that would permit, under terms no more restrictive than those imposed in Illinois, a financial institution organized under the Illinois Banking Act to establish or own a terminal in that state that accepts deposits of funds to an account.

(Source: Added at 28 Ill. Reg. 14789, effective October 27, 2004)

                    
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