Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE38. FINANCIAL INSTITUTIONS |
PART375. CALCULATION, ASSESSMENT AND COLLECTION OF PERIODIC FEES |
§375.50. Assessment of Accrued Fees Against a Converting or Merging State Bank
Latest version.
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When a state bank converts to a national bank, merges into a resulting national bank, dissolves, surrenders its certificate of authority or in any other manner ceases to be a state bank, such state bank shall be liable on a pro rata basis to the Commissioner for any accumulated Call Report Fee and EDP fee up to, and including, the date that the state bank ceases to be a state bank.
(Source: Amended at 24 Ill. Reg. 225, effective December 31, 1999)