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Illinois Administrative Code (Last Updated: March 27, 2024) |
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TITLE38. FINANCIAL INSTITUTIONS |
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PART350. LOAN AGREEMENTS PROVIDING FOR A BANK TO SHARE IN PROFITS, INCOME OR EARNINGS |
| § 350.10. Purpose |
| § 350.20. Definitions |
| § 350.30. Permissible ADC Lending Transactions by State Banks |
| § 350.40. Characteristics of ADC Lending Transactions Implying Unauthorized Investments in Real Estate or a Joint Venture |
| § 350.50. Characteristics of ADC Lending Transactions Implying Loans |
| § 350.60. Procedure |
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SOURCE: Adopted at 13 Ill. Reg. 19417, effective December 15, 1989; recodified from Chapter II, Commissioner of Banks and Trust Companies, to Chapter II, Office of Banks and Real Estate, pursuant to PA 89-508, at 20 Ill. Reg. 12645.
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Notation
AUTHORITY: Implementing Section 3 and authorized by Section 48(6) of the Illinois Banking Act [205 ILCS 5/3 and 48(6)].