§375.60. Credits and Additional Assessments Not Applicable to Resulting National Banks  


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  • A financial institution other than a state bank that results from a conversion by, or merger with, a state bank shall not be eligible for any credit and shall not be liable for any additional assessments described in Section 48(3)(d-1) of the Act [205 ILCS 5/48(3)(d-1)].

     

(Source:  Amended at 24 Ill. Reg. 225, effective December 31, 1999)