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Illinois Statutes Chapter 205. Financial Regulation § 645/5. Documents required by the Commissioner

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

§ 5. Documents required by the Commissioner. There shall be delivered to the Commissioner (1) duplicate originals of the application of the foreign banking corporation for a certificate of authority and (2) a copy of its charter or articles of incorporation and all amendments thereto, duly authenticated by the proper officer of the country under which such foreign banking corporation was organized.

If, according to law, a certificate of authority to establish and maintain a banking office and to conduct thereat a general banking business, should be issued to such foreign banking corporation, the Commissioner shall, when all fees have been paid as in this Act prescribed:

(a) endorse on each of such documents the word “Filed”, and the date of the filing thereof;

(b) file in his office one of such duplicate originals of the application and a copy of the charter or articles of incorporation and amendments thereto; and

(c) issue a certificate of authority to such foreign banking corporation, to which he shall affix the other duplicate original application.

The certificate of authority, with the duplicate original of the application affixed thereto by the Commissioner, shall be returned to the foreign banking corporation or its representative.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 205. Financial Regulation § 645/5. Documents required by the Commissioner - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-205-financial-regulation/il-st-sect-205-645-5/

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