Ill. Admin. Code tit. 38 § 310.300
Current through Register Vol. 48, No. 50, December 13, 2024
The minimum organizational capital requirement that must be met by an applicant for a certificate of authority under the Corporate Fiduciary Act to become an Illinois trust company is $3,000,000. The minimum organizational capital requirement prescribed in this subsection shall be in addition to and separate from the amount pledged or surety bond held pursuant to Section 6-13.5 of the Corporate Fiduciary Act.
Ill. Admin. Code tit. 38, § 310.300