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 1075.2105 - Time Period for Completion of Sale of all Shares of Capital Stock

Ill. Admin. Code tit. 38 § 1075.2105

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Current through Register Vol. 48, No. 36, September 6, 2024
Section 1075.2105 - Time Period for Completion of Sale of all Shares of Capital Stock

The sale of all shares of capital stock of the converting savings bank to be made under the plan of conversion, including any sale in public offering or direct community marketing, shall be completed as promptly as possible and within 45 calendar days after the last date of the subscription period, unless extended by the Director.

Ill. Admin. Code tit. 38, § 1075.2105

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