205 ILCS 205/1009

Current through Public Act 103-1052
Section 205 ILCS 205/1009 - Status as IRS qualified thrift lender

All savings banks operating under this Act must qualify for either the 60% asset test of Section 7701 (a)(19) of the Internal Revenue Code of 1986 and any amendments thereto or an asset test as prescribed by regulations of the Commissioner.

205 ILCS 205/1009

P.A. 90-301, eff. 8/1/1997.