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Illinois Statutes Chapter 205. Financial Regulation § 205/6010. Prohibited loans

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 6010. Prohibited loans. No savings bank may make a loan to any person owning 10% or more of its capital stock, any affiliated person, agent, or attorney of the savings bank, either individually or as an agent or partner of another, except in accordance with laws and regulations applicable to similar transactions to which banks are subject.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 205. Financial Regulation § 205/6010. Prohibited loans - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-205-financial-regulation/il-st-sect-205-205-6010/

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