Statutes, codes, and regulations
Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONSPart 1075 - SAVINGS BANK ACT
Subpart O - CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK
Section 1075.2050 - Distribution of Offering Circulars Authorized

Ill. Admin. Code tit. 38 § 1075.2050

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Current through Register Vol. 48, No. 45, November 8, 2024
Section 1075.2050 - Distribution of Offering Circulars Authorized

Any preliminary offering circular for the subscription offering, the public offering, or the direct community marketing which has been filed with the Director may be distributed to eligible account holders or supplemental eligible account holders and to others in connection with the offering after the Director has advised the applicant in writing that the application is properly executed and is not materially incomplete under Section 1075.2020. No final offering circular may be distributed until the offering circular has been declared effective by the Director.

Ill. Admin. Code tit. 38, § 1075.2050

Amended at 30 Ill. Reg. 19068, effective December 1, 2006